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Italy Metals Report Q1 2014

Italy metals market forecast to stagnate to 2017 due to low domestic demand and cheap Chinese imports


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2014-01-09 07:13:01 - Italy Metals Report Q1 2014 - a new market research report on companiesandmarkets.com

The outlook for Italy´s metals sector is far from encouraging, as a combination of cheap Chinese imports, low domestic demand and few project expansions mean that growth in consumption and production will stagnate over the period to 2017. However, we expect Italy to retain its position as the EU´s second largest steelmaking country, with a 16% share of production.

2013 was not a good year for the industry in terms of output. According to Italian steel producers´ association Federacciai, the country´s steel exports to non-EU countries during January-August 2013 fell 9.2% year-on-year (y-o-y) to 3.546mn tonnes.

Exports of flat steel to non-EU countries declined 20%, while long steel products increased by 5.2%.

Italy´s steel imports from non-EU countries increased 17.7% y-o-y to 4.868mn

 

 

tonnes. The most recent data shows that domestic crude steel production in August 2013 fell by 7.5% y-o-y to 1.09mn tonnes.

The result made August 2013 the 17th consecutive month in which Italy had recorded a y-o-y decline in its crude steel production.

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