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Belgium Metals Report Q4 2011

  • ID: 1934749
  • September 2011
  • Region: Belgium
  • 48 Pages
  • Business Monitor International

In 2010, Belgian domestic finished steel consumption grew 19% to 4.45mn tonnes while apparent aluminium consumption was up 30% to 181,600 tonnes, with aluminium product imports rising 21% to just under 550,300 tonnes and exports growing 20% to 465,100 tonnes. In the first seven months of 2011, Belgian crude steel output rose 9.3% year-on-year (y-o-y) to 5.18mn tonnes, which follows 52.6% growth to 8.09mn tonnes in 2010. In the early months of 2011, production improved markedly on the back of the broader regional economic recovery. Capacity utilisation rates were returning towards pre-crisis levels, matched by a rebound in export receipts and rising business confidence.

Insufficient demand prompted ArcelorMittal to temporarily close its 1.65mn tonnes per annum (tpa) blast furnace B at its plant in Liege as well as idling its 1.25mn tpa No.2 blast furnace at Florange, France. The units would probably remain offline in Q311 and Q411 due to insufficient demand, restarting only with a marked improvement in orders. Export growth is likely to tail off due in part to base effects but also as the eurozone loses momentum and German growth moderates.

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Executive Summary

SWOT Analysis
Belgium Metal Industry SWOT
Belgium Political SWOT
Belgium Economic SWOT

Global Market Overview
Steel Forecast
Steel to Average US$580/tonne In 2011
BMI Steel Forecast
Steel Prices
Cost Push On The Supply Side
Few Supply Constraints In Sight, For Now

Commodities Forecast
Monthly Metals Update
Gold
Copper
Aluminium
Lead
Nickel
Tin
Zinc

Regional Overview

Forecast Scenario
Table: Belgium Metals Industry Production And Trade (‘000 tonnes unless stated), 2008-2015
Macroeconomic Outlook
Table: Belgium – Economic Activity

Competitive Landscape

Company Profiles
ArcelorMittal
Steel Invest and Finance (Duferco)
Corus
Alcoa

Global Assumptions, Q4 2011
Table: Global Assumptions, 2009-2015
Table: Global And Regional Real GDP Growth, 2010-2013 (% change y-o-y)
Table: Developed Market Exchange Rates, 2010-2013 (average)
Table: Emerging Market Exchange Rates, 2010-2013 (average)
Developed States
Table: Developed States’ Real GDP Growth, 2010-2013 (% change y-o-y)
Emerging Markets
Table: Emerging Markets’ Real GDP Growth Forecasts, 2010-2013 (% change y-o-y)

Country Snapshot: Belgium Demographic Data
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education and Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
Section 3: Labour Market and Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
Table: Average Annual Wages, 2000-2012

BMI Methodology
How We Generate Our Industry Forecasts
Cross Checks

Note: Product cover images may vary from those shown

- ArcelorMittal
- Steel Invest and Finance (Duferco)
- Corus
- Alcoa

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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