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New Market Report: Czech Republic Metals Report Q1 2014

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2013-12-10 14:19:30 - New Materials market report from Business Monitor International: "Czech Republic Metals Report Q1 2014"

BMI's Czech Metals Report for Q1 2014 assesses the growth prospects for the country's steel sector during 2014 and presents medium-term growth forecasts for steel production to 2017. In Q1 we believe the country's metals sectors will begin to witness a recovery in production levels, following two years of contraction in steel output. The report analyses the reasons for the recovery as well as the ongoing challenges faced by Czech Republic steelmakers over the medium term.

Our improving outlook for the sector is reflected in the actions of Czech steelmakers who, following a sustained period of caution, are starting to expand output levels. In October 2013 ArcelorMittal Ostrava, a Czech Republic subsidiary of Luxembourg-based steelmaker ArcelorMittal, announced plans to upgrade the

continuous casting machine at its steelworks. The CZK1bn (US$53mn) project was expected to help it improve both the quality and diversity of the steel produced at the facility and to also help the company to boost its steel pipe exports to overseas oil and gas markets. Completion of the project was scheduled for late 2013.

Full Report Details at
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Furthermore, rival firm Evraz reported positive Q313 steel production growth having only suspended production at its Czech facilities as recently as July. The company reported an increase of 1.4% in its Q3 consolidated crude steel production with output totalling 3.96mnt, compared with 3.91mn during Q312. In July the company announced that it was suspending its production line between July 22 and August 6 due to weak demand. The decision was the second time the company halted production in 2013 having taken its Ostrava plant offline for the duration of April. The company also revealed that its operations were running at 65% of capacity. The company attributed the recovery to increased sales within key non-EU export markets, citing seasonally strong demand for construction products in Russia, and increased orders for tubular products in North America.

With little upturn in the eurozone in sight we caution there is the potential for further downside risk for the Czech Republic's metals sector over the medium term, particularly given the Czech Republic's exposure to volatile external markets, although the industry's competitiveness should work in its favour. With rumours that further companies including ArcelorMittal are set to introduce cutbacks at their Czech facilities, BMI does not rule out a return to the lows seen in 2009 when output fell to 4.6mnt.

In our view a full recovery in Czech steel production to pre-2008 levels will not occur before 2017. A long period of slow recovery is expected as the problems in external markets are unlikely to abate significantly.

Report Table of Contents:

BMI Industry View
- Metals SWOT
Industry Forecast
- Steel: Exports To Drive Recovery But Challenges Remain
- Table: Czech Republic - Steel Industry Forecasts ('000 tonnes, unless stated otherwise)
- Table: Czech Republic - Steel Industry Historical Data ('000 tonnes, unless stated otherwise)
Regulatory Development
- Table: Czech Republic - Political Overview
Commodities Forecast
- Table: BMI Steel Forecast
- Table: Steel Forecast
Commodity Strategy
- Aluminium: Small Rebound
- Copper: Sideways Trading To Give Way
- Nickel: Still No Relief
- Zinc: Short-Term Strength
- Table: Select Commodities - Performance & BMI Forecasts
- Table: Global Commodities Strategy
Competitive Landscape
- Table: Europe - Listed Metals Producers
Company Profile
- Zeleziarne Podbrezova
- ArcelorMittal
- Company Strategy
- Company Details
- Financial Data
- Table: ArcelorMittal - Key Financial Data
- Cross Checks

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

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