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Recent Study: Austria Metals Report Q1 2014


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2013-12-09 13:50:45 - New Materials market report from Business Monitor International: "Austria Metals Report Q1 2014"

BMI's latest Austria Metals Report assesses the prospects for growth in the steel industry over the medium-term following a decline in output but an increase in consumption in 2012. It examines the risk and investment strategies of leading players in the industry. It also examines the impact of a decline in the eurozone, particularly the German market, on Austrian exports. The performance of Austria's steel industry is estimated by BMI to have deteriorated during 2012 with crude output in decline by 0.6% to 7.43mnt.

Full Report Details at
- www.fastmr.com/prod/723530_austria_metals_report_q1_2014.aspx

This was thanks to output bouncing back in the last two months of 2012 with November and December output rising by 12.8% and 25.8%, respectively. Consumption levels did increase in 2012,

however, by 0.5% y-o-y from 4.52mnt as of December 31 2011 to 4.54mnt a year later.

Austrian steelmaking has suffered from the structural oversupply of standard grades, which has driven down prices on the EU market despite cutbacks in output. This has put downward pressure on margins, although there is no immediate sign of any idling of capacity. Despite the fact that volume has contracted, Austria still outperformed the 4.6% contraction reported for the whole of the EU. Austria's dominant steelmaker Voestalpine is also upbeat, expressing its confidence that business will pick up. While volume may not increase, sales could be boosted by a rise in product prices. Capacity constraints will prevent any further significant growth in crude steel beyond pre-crisis levels over the long term, although BMI expects investment in downstream sectors.

In June 2013, the European Commision (EC) introduced the "EU steel action plan". The move represents the first comprehensive attempt by the Commission to stem a decline in the steel sector since the Davignon Plan sought to tackle an industry slump in the mid-1970s. The plan, presented by Industry Commissioner Antonio Tajani, aims to cut red tape, boost apprenticeship schemes and innovation, create a level international playing field and study ways to lessen the burden of energy costs, which account for about 40% of steelmakers' operating expenses.

Report Table of Contents:

BMI Industry View
SWOT
- Metals SWOT
Industry Forecast
- Steel: Little Growth Ahead
- Table: Austria - Steel Production & Consumption ('000 tonnes, unless stated otherwise)
- Table: Austria - Steel Industry Historical Data ('000 tonnes, unless stated)
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 - Major Listed Metal Producers
Company Profile
- Voestalpine
- Table: Voestalpine - Financial Results
Methodology
- 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 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.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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