South Africa Metals Report Q4 2014

Date: September 3, 2014
Pages: 55
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI View: South Africa's metals industry will continue to see subdued production activity due to prices remaining below multi-year highs, elevated energy costs, and labour unrest. Metals consumption growth will rise faster than production growth, due to solid demand growth from the auto, construction, and infrastructure sectors.

Our metals consumption outlook remains constructive on the back of our expectations for broader economic growth in South Africa in the coming years. We see autos production growth, which we currently forecast at 2.9% on average per annum in 2014-2018, as a key driver of metals consumption. Our forecast for the construction and infrastructure industries to see average annual growth of 3.9% and 3.7%, respectively, over the same period should also support the domestic metals industry. Due to production weakness across the metals landscape, we expect increased imports in the coming quarters, as investment in South African production facilities will be held back by the glut of metals, particularly steel, on the world market.
BMI Industry View
Metals SWOT
Industry Forecast
Steel: Consumption Fundamentals Stronger Than Production
Production To See Modest Growth
  Table: South Africa - Major Steel Plants
Consumption Growth To Exceed Production Growth
  Table: Steel Production & Consumption (South Africa 2010-2018)
  Table: Steel Industry Historical Data (South Africa 2005-2012)
Aluminium: Production To Decline Despite Consumption Growth
Autos And Construction Support Modest Consumption Growth
Production Hampered By Power Woes
Upstream Supplies May Pose Challenge
Exports Likely To Decline
  Table: Aluminium Production & Consumption (South Africa 2010-2018)
Nickel: Fortunes Rise And Fall With Platinum Industry
Automotive Sector To Drive Nickel Demand
Production Fundamentals Remain Problematic
  Table: Refined Nickel Production & Consumption (South Africa 2010-2018)
Regulatory Development
Carbon Tax Delayed
Labour Market To Remain Volatile
Tax Regime
  Table: South Africa - Political Overview
Commodities Forecast
Commodity Strategy
Ferrous Metals:
Iron Ore: Bounce Won't Last, Weakness In 2015
Steel: Long Road To Price Recovery
Non-Ferrous Metals:
Aluminium: Elevated Prices In Coming Weeks
Copper: Strength To Turn To Weakness By Q414
Lead: Price Bounce Underway
Nickel: Prices To Cool In Coming Months
Tin: Market Tightness To Drive Prices Higher
Zinc: Prices To Moderate By Q414
  Table: Select Commodities - Performance & BMI Forecasts
Commodities Forecast
  Table: BMI Steel Price Forecast
Short-Term Outlook
Core View
Surplus Set To Slim
Production: Reining In Growth
Consumption: Deceleration Ahead
No Respite From Chinese Exports Over Coming Months
Arbitrage Set To Grow Between East And West
Risks To Price Outlook
  Table: Steel Data & Forecasts
  Table: Global Steel Prices By Region & Product, USD/tonne (average)
Competitive Landscape
  Table: South Africa - Major Steel Production Facilities
  Table: South Africa - Select Listed Metals Producers
Company Profile
Company Overview
Company Strategy
Latest Financial Results
Company Details
Financial Data
  Table: ArcelorMittal - Key Financial Data
Cross Checks
Skip to top

South Africa Metals Report Q1 2015 US$ 1,295.00 Nov, 2014 · 55 pages
South Africa Metals Report Q3 2014 US$ 1,295.00 May, 2014 · 58 pages
South Africa Metals Report Q2 2014 US$ 1,295.00 Feb, 2014 · 56 pages

Ask Your Question

South Africa Metals Report Q4 2014
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: