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Belgium Metals Report Q1 2014

Belgium steep production forecast to increase by 2% in 2014


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2014-03-17 05:25:01 - Belgium Metals Report Q1 2014 - a new market research report on companiesandmarkets.com

The decline in Belgium´s steel production is expected to moderate in 2014 with output contracting by 2% year-on-year (y-o-y), following on from an estimated 3.6% in 2013. Nevertheless, we caution that steel producers will continue to face significant headwinds going into 2014 with the ongoing issues of overcapacity and weak demand continuing to weigh heavily on growth. Weak growth in Western European automotive production is expected to continue to be a negative factor following a decline of 5.2% year-onyear (y-o-y) in the EU 27 region during the first eight months of 2013.

The decline in Belgium´s steel production is expected to moderate in 2014 with output contracting by 2% year-on-year (y-o-y) this year, following an estimated 3.6% in 2013. Nevertheless, we

 

 

caution that steel producers will continue to face significant headwinds going into 2014 with the ongoing issues of overcapacity and weak demand continuing to weigh heavily on growth. Weak growth in Western European automotive production is expected to continue to be a negative factor following a decline of 5.2% year-on-year (y-o-y) in the EU 27 region during the first eight months of 2013.

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