Business Monitor International


Netherlands Metals Report

Published 04 March 2014

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

Long-Term Growth In Output

The Netherlands' metals sector is set for sound growth over the coming years as prices for high quality steel remain elevated and encourage production. Steel will continue to dominate the country's metals industry; however, we do not expect any significant new investment over the coming years. Tata Steel, the largest producer in the country is facing up to an increasingly hostile and competitive operating environment with cheap steel and aluminium being exported from China. However, opportunities remain in high-quality steel, which the Netherlands is a key producer.

In 2012, Dutch steel output experienced a strong decline as the year began with much uncertainty still surrounding the eurozone and the sluggish US economic recovery; however, efforts by eurozone leaders to rectify the European debt crisis as the year progressed were taken as reassurance by businesses and investors in 2012, and so steel production in the Netherlands picked up to close the year with a growth rate of -1.0% year-on-year (y-o-y), reaching 6.87mn tonnes (mnt). This follows two years of growth that saw output up 4.0% and 28.5% in 2011 and 2010 respectively. While this figure will have been disappointing after two consecutive years of positive growth, it could have been a lot worse had it not been for the rally in output in the second half of the year. Carrying on from the rally in production activity in H213, BMI estimates that steel production in the Netherlands grew once more in 2013, rising to around 6.95mn tonnes, equivalent to a growth rate of 1.0% y-o-y from 2012. Similarly, we estimate that steel consumption in the Netherlands turned around a 6.98% y-o-y contraction in growth in 2012 to record a 2.95% increase to 4.12mn tonnes in 2013.

Tata Steel Europe is aiming to reduce costs by 20% in FY2012/13, while at the same time increasing investment. It is spending EUR800mn in increasing liquid steel-making capacity at Ijmuiden by 500,000 tonnes per annum (tpa)...

Table of Contents

BMI Industry View
7
SWOT
10
Metals SWOT
10
Industry Forecast
12
Steel: Growth To Head Higher
12
Table: The Netherlands - Steel Industry ('000 tonnes, unless stated otherwise)
15
Table: Netherlands - Steel Industry Historical Data ('000 tonnes, unless stated)
15
Regulatory Development
16
Table: The Netherlands - Political Overview
16
Commodities Forecast
18
Monthly Metals Update
18
Steel: Locked In Secular Downtrend
20
Aluminium: US$1,800/tonne To Provide Strong Support
20
Copper: Bearish View In Place Despite Some Recovery
21
Nickel: Despite Recent Gains, Downside Risks Dominate
23
Zinc: Channelling Support
25
Table: Select Commodities - Performance & BMI forecasts
27
Table: BMI Commodities Strategy
27
Steel Price Forecast
28
Table: BMI Steel Forecast
28
Short-Term Outlook
28
Core View
28
Global Steel Glut To Persist
29
Production: Rationalisation In The Long Term
29
Consumption: Growth Decelerating
31
Excessive Chinese Exports
32
Growing Arbitrage Between East & West
33
Risks To Price Outlook
33
Table: Steel Data & Forecasts
34
Table: Global Steel Prices By Region & Product, US$/tonne (ave)
34
Competitive Landscape
36
Table: Largest Listed European Metals Producers
37
Company Profile
39
Tata Steel Limited
39
Table: Tata Steel - Key Financial Data
42
Methodology
43
Cross Checks
43

The Netherlands 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 Netherlands.

BMI's Netherlands 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 Netherlands.

Key Benefits

  • Benchmark BMI's independent metals industry forecasts for Netherlands to test other views - a key input for successful budgeting and strategic business planning in the Netherlands metals market.
  • Target business opportunities and risks in Netherlands 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).

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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