2013-10-13 13:47:27 - New Materials market report from Business Monitor International: "Ukraine Metals Report Q4 2013"
Ukraine's metal sector will see modest growth over the coming years, with a handful of new projects set to push production growth higher. However, production will not return to its pre-crisis highs as global overcapacity is set to remain and we believe steel prices are unlikely to make substantive gains over the course of 2013. These two factors will disincentivise significant expansions. Indeed, none of the major players in either the aluminium or steel industries have announced substantial investment in Ukraine.
The figures from the start of 2013 have certainly been disappointing. During the first four months of the year Ukraine registered a 2.5% increase in its finished steel production output, to 9.280mn tonnes, a 0.6% fall in its crude steel
output to 11.058mn tonnes and a 0.7% rise in its pig iron production to 9.760mn tonnes, according to data issued by Ukraine's Cabinet of Ministers. This does not bode well for the nearterm outlook and for Ukraine's attempts to hit its production targets this year.
Full Report Details at
Ukraine has the added disadvantage of an overvalued hryvnia, which has made Ukrainian steel exports uncompetitive. Recent currency weakening may not be sufficient to ameliorate the situation. The most recent example of the ongoing decline in Ukrainian steelmaking is the closure in November of Mechel's 1mn tonnes per annum EAF in Donetsk, due to weak markets and poor export demand. Mechel is trying to sell the loss-making plant to drive down its own debt, but has failed to attract interest.
Report Table of Contents:
BMI Industry View
- BMI Industry View
- Growth To Pick Up On The Back Of Construction
- Table: Ukraine - Steel Production And Consumption, 2009-2017 ('000 tonnes)
- Table: Ukraine - Steel Industry Historical Data, 2003-2011 ('000 tonnes, unless stated otherwise)
- Commodities Forecast
- Steel Price Forecast
- Table: BMI Steel Forecast
- Table: Steel Forecast
- Monthyly Metals Update
- Non-Ferrous Metals
- Aluminium: Weakness Ahead After Recent Surge
- Copper: Bounce To Give Way
- Nickel: Underperformance To Continue
- Zinc: Weak Steel Sector To Weigh On Zinc
- Table: Select Commodities - Performance & BMI Forecasts
- Table: BMI Commodities Strategy
- Competitive Landscape
- Table: Largest European Listed Metals Producers
- ArcelorMittal - Q4 2013
- Company Strategy
- Company Details
- Financial Data
- Table: ArcelorMittal - Key Financial Data
- Table: RUSAL - Key Financial Data
- Table: Mining Business Environment Indicators
- Table: Weighting Of Components
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 www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.