United Kingdom Metals Report Q1 2015

Date: December 3, 2014
Pages: 49
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download
ID: U090696D077EN

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Includes 3 FREE quarterly updates

BMI View: After a strong year for the UK steel industry in both production and consumption in 2013, we are forecasting the recovery to remain on track, albeit at a slower pace going forward. In line with its European counterparts, the UK metals industry has been rocked by low profitability that has led to capacity reductions and disinvestment. However, the worst is probably over for the UK, as slightly stronger domestic demand and recent investment from international firms such as Sahaviriya Steel Industries and Tata Steel should arrest the decline in sector fortunes and ensure that the sector continues to accelerate through to the end of our forecast period in 2018.

Serving as a constant reminder that the recovery may be built upon fragile ground, however, monthly data for activity in the steel sector in the UK has been volatile during the first eight months of 2014. Indeed, after a strong start with 30.8% year-on-year growth in January, a 9.3% drop off in activity in April, and a sluggish recover since means that that month-on-month activity at the end of August (latest available data) sits not much higher than where it stood eight months previously. Only a 11.7% improvement in production in August helped push overall ourput in the year-to-date back into positive territory.
BMI Industry View
Metals SWOT
Industry Forecast
Steel: On The Path Of Growth Going Forward
  Table: Steel Production & Consumption (United Kingdom 2010-2018)
  Table: Steel Industry Historical Data (United Kingdom 2005-2012)
Commodities Forecast
Steel: Prices To Head Higher From 2016
  Table: BMI Steel Price Forecast
Short-Term Outlook (three-to-six months)
Long-Term Outlook
Production: Chinese Rationalisation Measures To Bite
Consumption: Slowing Demand Growth On The Horizon
Burgeoning Chinese Exports Will Not Last
Eurozone Growth Downgrade Highlights Long Road To Recovery
Risks To Price Forecast
  Table: Steel Data & Forecasts
Commodity Strategy
Ferrous Metals
Non-Ferrous Metals:
Aluminium: Prices To Remain Elevated Following Recent Dip
Copper: Chinese Weakness To Create Further Headwinds
Nickel: No Sustained Rally Ahead
Zinc: Subdued Short-Term Outlook Before Multi-Year Gains
  Table: Select Commodities - Performance And BMI Forecasts
Competitive Landscape
  Table: Largest European Listed Metals Producers
Company Profile
Rio Tinto - Q115
Company Overview
Company Strategy
Latest Financial Results
  Table: Rio Tinto - Key Financial Data
Tata Steel Limited
Company Overview
Company Strategy
Cross Checks
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