2013-08-31 16:31:39 - Fast Market Research recommends "Turkey Metals Report Q4 2013" from Business Monitor International, now available
BMI expects the Turkish metals sector to continue on its positive trajectory after performing well in the face of external headwinds over the past few years. We forecast healthy growth in the construction and autos industries boosting domestic demand for Turkish steel. Steady growth of steel exports is also to be expected as construction continues to grow in the Middle East.
Downside risks to our forecast include subdued demand from EU states, depreciation of the Turkish lira raising production costs, political unrest in the country and a global weakening of steel prices. Despite strong growth in 2011 and 2012, H113 has seen a 4% average fall in Turkish steel output year-on-year. We see this as a temporary slowdown in a larger
growth picture. However weaker steel prices seem already to be having an impact.
Over the long-term we forecast Turkey's total steel production to grow from 37.7mnt in 2013 to 47.0mnt in 2017. We expect to see Turkey's two largest steel producers, Erdemir and Kardemir, continue to outperform following steady growth in output over H113. In July 2013 Standard and Poor's raised Erdemir's long-term corporate credit rating from 'B' to 'B+' reflecting the company's strong operating performance.
Full Report Details at
Report Table of Contents:
BMI Industry View
- Metals SWOT
- Steel: Europe's Most Bullish Growth Story
- Table: Turkey - Steel Industry
- Table: Turkey - Steel Industry Historical Data (kt)
- Anti-Corruption Drive Paying Off
- Tax Regime
- Table: Political Overview
- Monthly Metals Update
- Ferrous Metals
- Base Metals
- Aluminium: Still Further Declines
- Copper: Continued Weakness
- Nickel: Persisting Fall
- Zinc: Holding Steady, For Now
- Table: Select Commodities - Performance & BMI Forecasts
- Table: Global Commodities Strategy
- Steel Price Forecast
- Table: BMI Steel Forecast
- Table: Steel Forecast
- Table: Turkey - Steel Mills
- Table: Turkey - Largest Listed Metal Producers
- Company Strategy
- Table: Erdemir - Financial Data
- Company Strategy
- Table: Kardemir - Financial Data
- Cross Checks
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