Business Monitor International


Austria Metals Report

Published 12 February 2014

  • 39 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Austria Metals Report

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. Within it, we have extended our forecasts for the industry out to 2018. The report 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 7.42mnt. 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.

Slight Decline On The Horizon
Austria - Steel Output & Growth

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...

Table of Contents

BMI Industry View
5
SWOT
7
Metals SWOT
7
Industry Forecast
9
Steel: Little Growth Ahead
9
Table: Austria - Steel Production & Consumption ('000 tonnes, unless stated otherwise)
12
Table: Austria - Steel Industry Historical Data ('000 tonnes, unless stated)
13
Commodities Forecast
14
Commodity Strategy
14
Steel: Locked In Secular Downtrend
16
Aluminium: US$1,800/tonne To Provide Strong Support
16
Copper: Bearish View In Place Despite Some Recovery
17
Nickel: Despite Recent Gains, Downside Risks Dominate
19
Zinc: Channelling Support
21
Table: Select Commodities - Performance & BMI forecasts
23
Table: BMI Commodities Strategy
23
Commodities Forecast
24
Table: BMI Steel Forecast
24
Table: Steel Data And Forecasts, 2009-2017
32
Competitive Landscape
33
Table: Europe - Major Listed Metal Producers
33
Company Profile
36
Voestalpine
36
Table: Voestalpine - Financial Results
37
Methodology
39
Cross Checks
39

The Austria Metals Report has been researched at source, and features latest-available data for steel, aluminium and other major globally-traded commodities. Our analysis covers all primary indicators, including production, exports and price, with our forecasts underpinned by Business Monitor International (BMI)'s macroeconomists global economic outlook. The report analyses trends and prospects and critically evaluates latest industry news, trends and regulatory developments in Austria.

BMI's Austria Metals Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the metals industry in Austria.

Key Benefits

  • Benchmark BMI's independent metals industry forecasts for Austria to test other views - a key input for successful budgeting and strategic business planning in the Austria metals market.
  • Target business opportunities and risks in Austria through our reviews of latest industry trends, regulatory changes and major projects and investments.
  • Exploit the latest competitive intelligence and company profiles on your competitors and peers.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering metals production and prices, plus analysis of landmark company developments and key changes in the regulatory environment.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's metals sector, business environment, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Global Metals Market Overview

Global demand, supply and price forecasts for steel and aluminium, as well as gold, copper and tin, drawing on both our industry expertise and our macroeconomic and financial market team's long-term global demand forecasts and shorter-term market views.

Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions, plus analysis of key downside risks to the main forecast.

Production (`000 tonnes, US$bn), consumption (`000 tonnes, US$bn), exports (`000 tonnes, US$bn); prices (US$/tonne), and growth (%).

Macroeconomic Forecasts

BMI forecasts to end-2018 for headline country macroeconomic indicators, including real GDP growth (%), GDP per capita (US$), population (mn), industrial production index (% y-o-y average) and unemployment (% of labour force).

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc