Italy Metals Report Q3 2012

  • ID: 2214450
  • August 2012
  • Region: Italy
  • 52 Pages
  • Business Monitor International
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The Italy Metals Report provides industry professionals and strategists, corporate analysts, metals associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Italy's metals industry.

BMI's Italy Metals Report for Q3 2012 examines the recent positive trends in the Italian steel industry and expresses concerns that growth is unsustainable in the context of a domestic slowdown and increased pressure on exports.

The report examines how metals producers are responding to the challenges posed by an increasingly precarious external macroeconomic environment. These challenges have affected exports and had an impact on the Italian consumer. The report considers these issues and also assesses the ability of producers and exporters to realise returns in the short-term.

In the first four months of 2012, Italian crude steel output grew 3.4% y-o-y to 9.8mn tonnes (mnt), bucking the European trend. However, the EU's second largest steel industry will not escape the effects of the eurozone crisis and BMI expects a decline in monthly output going into H212. While exports may stabilise at around 12mnt, a sharp fall in domestic READ MORE >

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Executive Summary 6

SWOT Analysis 8

Italy Business Environment SWOT 8

Europe Metals Overview 9

Industry Forecast 14

Steel 14
Table: Italy's Steel Industry ('000 tonnes, unless otherwise stated) 16
Table: Italy's Steel Industry – Historical Data ('000 tonnes, unless otherwise stated) 16

Aluminium 17
Table: Italy's Primary Aluminium Industry (mn tonnes, unless otherwise stated) 18

Macroeconomic Outlook 18

Fiscal Retrenchment To Drive Recession 18
Table: Italy's GDP By Expenditure (Real Growth %) 24

Commodities Forecast 25

Steel To Average US$500/tonne In 2012 25
Table: BMI Steel Forecasts 25
Table: Steel Price Data, (US$/TONNE) 30

Monthly Metals Update 30

Steel Prices Have Topped Out 31

Copper: Relative Outperformer But Still Weak 33

Tin To Outperform 34

Aluminium: Substantial Support Around US$1,900/tonne 35

Nickel: Oversupply Pushing Prices Lower 36

Break Of Support On The Cards For Lead 37

Zinc: Downward Trend Continues 38
Table: Select Commodities – Performance & BMI Forecasts 39

Competitive Landscape 40

Company Profiles 41

Alcoa 41
Table: Alcoa – Financial Data, 2005-2011 44

Sapa Profili 45

BMI Global Assumptions, Q312 46
Table: Global Assumptions, 2010-2016 46

Developed States 47
Table: Developed States' Real GDP Growth, 2010-2013 47

Emerging Markets 48
Table: Emerging Markets' Real GDP Growth, 2010-2013 49

Consensus 50
Table: Real GDP Growth Consensus Forecasts, 2012 And 2013 50

BMI Methodology 51

How We Generate Our Industry Forecasts 51

Cross Checks 51

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Note: Product cover images may vary from those shown


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