South Korea Metals Report Q3 2014

Date: June 11, 2014
Pages: 54
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download

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Includes 3 FREE quarterly updates

BMI View: South Korean metals consumption growth is set to moderate in 2014, as the country's exports of manufactured goods are hit by a global economic slowdown and an expected contraction in Europe. South Korea is a major producer of steel and slab zinc, but domestic mining output of ferrous and nonferrous metals is small and reliant on imports for the raw materials required by the metals industry. Domestically produced metals and metal products are fundamental to the country's industrial base, as well as trade.

South Korea has very small reserves of copper and the production level of both mined and refined copper is insufficient to meet domestic demand. The country has to rely on imports to supplement domestic production, and is the world's sixth largest importer of refined copper and the world's fifth largest importer of copper blisters and anodes, which are unrefined forms of copper.
BMI Industry View
Metals SWOT
Industry Forecast
Steel: Steady Growth Outlook
    Table: Steel Production & Consumption (000 tonnes, Unless Stated Otherwise) (South Korea 2010-2018)
    Table: South Korea - Steel Production And Trade, 2003-2011 ('000 tonnes, unless stated otherwise)
Copper: Reliance On Imports To Wane
    Table: Refined Copper Production, Consumption & Balance (kt, unless stated otherwise) (South Korea 2010-2018
Zinc: Korea Zinc To Drive Growth
    Table: Refined Zinc Production, Consumption & Balance (kt, Unless Stated Otherwise) (South Korea 2010-2018)
Regulatory Development
    Table: South Korea - Political Overview
Commodities Forecast
Steel Price Forecast
    Table: BMI Steel Forecast
Short-Term Outlook
Core View
Global Steel Glut To Persist
Production: Rationalisation In The Long Term
Consumption: Growth Decelerating
Excessive Chinese Exports
Growing Arbitrage Between East & West
Risks To Price Outlook
    Table: Steel Data & Forecast
    Table: Global Steel Prices By Region & Product, US$/tonne (ave)
Monthly Metals Update
Iron Ore: Chinese Stimulus Not A Game Changer
Steel: Gradual Rationalisation Insufficient To Boost Prices
Aluminium: Recent Rally Unlikely To Persist Into H214
Copper: Bearish Forecast Appears Well Placed
Lead: Picking Up Autos Sector Tailwinds
Nickel: Recent Rise To Fall Back In H214
Zinc: Potential Test Of Resistance In Coming Weeks
    Table: Select Commodities - Performance & BMI Forecasts
Competitive Landscape
International Sanctions
Recent Developments
    Table: Selected Companies And Indexes - Financial Dat
Company Profile
    Table: POSCO - Financial Results
Korea Zinc
    Table: Korea Zinc - Financial Results
Cross Checks
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