2013-10-09 12:41:39 - New Materials research report from Business Monitor International is now available from Fast Market Research
The outlook for Spain's metals sector is bleak, with few opportunities for growth in either production or consumption until beyond 2017. The effects of the eurozone crisis and domestic recession on the steel industry means the sector will mean a protracted downturn that could permanently affect its structure. Recovery in the Spanish steel industry will largely depend on growth in exports of manufactured goods. Germany has been the chief target for Spanish steel exports, but the decline in the performance of the German manufacturing sector from mid-2011 is having a deleterious effect on export performance.
In early August 2013 ArcelorMittal announced its intension to restart coke oven batteries 7 and 8 in Aviles, northern Spain by mid-November, following their hot shutdown
in December 2011, due to the fall in steel demand in Spain and Europe. This will help provide steel to the local automotive industry. This indicated growing optimism that the export-oriented Spanish automotive industry was set for growth in 2013. Acerinox is also predicting a recovery in the global stainless steel market in 2013, bolstered by the automotive industry. However, the Spanish flat steel market is unlikely to recover its full momentum over the medium-term with packaging and consumer durables hit by high unemployment. At the same time, the long steel market has been hit by the collapse in residential construction.
Full Report Details at
ArcelorMittal Flat Carbon Europe is to invest EUR17.2mn in several improvement projects at the Aviles site. The main improvements resulting from these investments are related to product quality, internal logistics and customer service. The investments include a new tinplate inspection line, an upgrade of the roll shop, the revamping of hot-rolled coil yard #15, the revamping of the electrical system of galvanising line #2 and several mechanical improvements in the pickling line.
Report Table of Contents:
BMI Industry View
- BMI Industry View
- Metals SWOT
- Steel: Little Growth In Output Or Demand
- Table: Spain - Steel Production And Consumption ('000 tonnes, unless stated otherwise)
- Table: Spain - Steel Industry ('000 tonnes, unless stated)
- Monthly Metals Update
- Aluminium: No Turnaround Yet
- Copper: Declines Back On Track
- Nickel: More Room To Fall
- Zinc: Weakness To Persist In H213
- Table: Select Commodities - Performance And BMI Forecasts
- Table: BMI Commodities Strategy
- Steel Price Forecast
- Table: BMI Steel Forecast
- Table: Steel Forecast
- Competitive Landscape
- Table: Table Headertable:headerLargest European Listed Metal Producers
- ArcelorMittal - Q4 2013
- Company Strategy
- Company Details
- Financial Data
- Table: ArcelorMittal - Key Financial Data
- How We Generate Our Industry Forecasts
- Cross Checks
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