Business Monitor International


Austria Metals Report

Published 07 May 2014

  • 39 pages
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  • 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 return to growth in output and a continuation in year-on-year (y-o-y) growth in consumption during the 2013 full-year. Within it, our forecasts for the industry run 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 returned to growth once more in 2013, after deteriorating by 0.6% in 2012. Indeed in 2013, crude output increased by 0.5% to 7.46mnt. BMI estimates that consumption levels continued their upward trend for the fourth year running in 2013, rising by 1.2% from 4.78mnt as at December 31 2012 to 4.84mnt a year later. Going forward, BMI is forecasting both output and consumption to increase in 2014 by 0.8% and 1.0%, respectively, y-o-y. Looking further ahead into 2015, while we forecast consumption to continue accelerating, we see production contracting in volume once more to close the year at 7,443mnt compared with 7,518mnt a year earlier.

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. Voestalpine's net profit increased 0.2% y-o-y to EUR523mn (USD711.7mn) in FY13/14, ended March 31 2014. Going forward volume may not increase, but sales could be boosted by a rise in product prices. Capacity constraints will prevent...

Table of Contents

BMI Industry View
7
SWOT
9
Metals SWOT
9
Industry Forecast
11
Steel: Little Growth Ahead
11
Table: Austria - Steel Production & Consumption ('000 tonnes, unless stated otherwise)
13
Table: Austria - Steel Industry Historical Data ('000 tonnes, unless stated)
14
Commodities Forecast
15
Steel Price Forecast
15
Table: BMI Steel Forecast
15
Short-Term Outlook
15
Core View
16
Global Steel Glut To Persist
16
Production: Rationalisation In The Long Term
17
Consumption: Growth Decelerating
19
Excessive Chinese Exports
20
Growing Arbitrage Between East & West
21
Risks To Price Outlook
21
Table: Steel Data & Forecasts
22
Table: Global Steel Prices By Region & Product, US$/tonne (ave)
22
Commodity Strategy
23
Iron Ore: Fading Iron Will
24
Steel: Global Glut To Weigh On Prices
26
Aluminium: Fundamentals To Remain Weak
27
Copper: All Eyes On China
28
Lead: Outperforming Its Troubled Peers
29
Nickel: Monthly Outperformer
31
Tin: Outperforming A Weak Field
32
Zinc: Further Consolidation Likely
33
Table: Select Commodities - Performance & BMI Forecasts
35
Competitive Landscape
36
Table: Europe - Major Listed Metal Producers
37
Company Profile
39
Voestalpine
39
Table: Voestalpine - Financial Results
41
Methodology
42
Cross Checks
42

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