2013-03-02 15:35:41 - New Materials research report from Business Monitor International is now available from Fast Market Research
The Czech Republic's Metals sector will continue to be negatively affected by the impact of the eurozone crisis and oversupply in global steel and aluminium. Whilst the country's metal producers could be buoyed by increasing demand from Turkey and Poland, overall the outlook is bleak.
Steel output in the Czech Republic was depressed by Evraz's decision to suspend production at its Vitkovice plant for almost one month from mid-July 2012. ArcelorMittal announced that it would halt its modernisation of its Ostrava steelmaking facility and keep its HRC mill idle in response to poor market conditions.
There are significant downside risks, particularly given the Czech Republic's exposure to volatile external markets, although the industry's competitiveness should work in its favour. BMI does not
rule out a return to the lows seen in 2009 when output fell to 4.6mnt. Eyes will be on ArcelorMittal's plans with potential for further production cut-backs at its Czech facilities, in line with trends seen elsewhere in Europe.
Full Report Details at
- www.fastmr.com/prod/541183_czech_republic_metals_report_q2_2013. ..
Nevertheless, we retain our outlook that full recovery to pre-2008 levels will not occur before 2017, with a long period of slow recovery as the problems in external markets are unlikely to abate significantly. The Czech steel industry's dependence on longs production, which represents two-thirds of Czech output, means it will mirror the flatlining European construction industry. Precluding a more dour outlook is our expectation for the global recovery to take hold towards the tail-end of the year.
Report Table of Contents:
BMI Industry View
- Metals SWOT
- Table: Czech Republic - Steel Industry Forecasts ('000 tonnes, unless stated otherwise)
- Table: Czech Republic - Steel Industry Historical Data ('000 tonnes, unless stated otherwise)
- Steel Price Forecast
- Table: BMI Steel Forecast
- Table: Steel Forecast
- Commodities Forecast
- Table: Select Commodities - Performance & BMI Forecasts
- Table: BMI Commodity Strategy Table
- Table: Table: ArcelorMittal - Key Financial Data
- Zeleziarne Podbrezova
- How We Generate Our Industry Forecasts
- Cross Checks
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