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Belgium Metals Report Q1 2013 - Product Image

Belgium Metals Report Q1 2013

  • Published: January 2013
  • Region: Belgium
  • 49 pages
  • Business Monitor International

FEATURED COMPANIES

  • Alcoa
  • ArcelorMittal
  • Company Profiles
  • Duferco
  • MORE

BMI's Belgium Metals Report for Q113 examines the long-term effects of the economic crisis on the country's steelmaking capacities and warns that the sector will never recover.

The report examines how a collapse in domestic production will impact on the country's structure of steel trade and explores the ability of exporters to take advantage of the crisis facing the Belgian steel industry.

In the first 10 months of 2012, Belgian crude steel output slumped 12.9% y-o-y to 6.11mn tonnes (mnt),
one of the worst performances in the EU. This continued a trend begun in Q411 and reverses the gains witnessed in the early months of 2011 when capacity utilisation rates were returning to near pre-crisis levels. Permanent furnace closures by Duferco and ArcelorMittal mean that Belgium will not return to pre-crisis volumes of production even after the market picks up.

A decline in demand growth in export markets has dealt a blow for the Belgian steel industry.

ArcelorMittal's planned permanent closure of two blast furnaces in Liège, which were shuttered in August 2011, is now inevitable and as a result the industry will not return to pre-2008 levels of production.

Duferco READ MORE >

Executive Summary 5

SWOT Analysis 6

Belgium Metals Industry SWOT 6

Europe Metals Overview 7

Steel 8

Aluminium 11

Industry Forecasts 13
Table: Belgium - Steel Production & Consumption ('000 tonnes, unless stated otherwise) 14
Table: Belgium- Steel Industry Historical Data ('000 tonnes, unless stated otherwise) 15

Macroeconomic Outlook 16

Sliding Into Recession 16
Table: Belgium - Economic Activity 18

Commodities Forecast 19

Monthly Metals Update 19

Iron Ore: Temporary Resilience 21

Steel: No Sustained Recovery 23

Aluminium: Resistance To Be Tested 25

Copper: Chinese Stockpiles Present Downside Risk 26

Lead: Range-Trade Ahead 27

Tin: Continued Outperformance 29

Zinc: Little Room For Optimism 30
Table: Select Commodities: Performance & BMI Forecasts 31

Steel Forecast 32

Steel To Average US$360/tonne In 2013: Short-Term View 32
Table: Steel Forecast 32
Table: Steel Forecasts 38

Competitive Landscape 39

Company Profiles 40

Alcoa 40
Table: Alcoa - Financial Data 43

ArcelorMittal 44
Table: ArcelorMittal - Key Financial Data 46

Duferco 47

BMI Methodology 48

How We Generate Our Industry Forecasts 48

Cross Checks 48

Company Profiles
Alcoa
ArcelorMittal
Duferco

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