0 CHECKOUT

Poland Metals Report Q1 2015

  • ID: 3042155
  • November 2014
  • Region: Poland
  • 53 pages
  • Business Monitor International
1 of 4

FEATURED COMPANIES

  • ArcelorMittal
  • Company Details
  • Company Overview
  • Company Strategy
  • Financial Data
  • KGHM
  • MORE

BMI View: The economic recovery in Poland continues to gather momentum, with leading and coincident indicators - particularly retail sales and wage growth - pointing towards improvements in domestic demand in addition to the export-driven real GDP growth that arrived in the second half of 2013. The acceleration in euro area growth, particularly in key trade partners such as Germany will continue to drive forward Polish export growth - especially in the autos sector. Furthermore, the recovery in international trade will continue to feed-through into the labour market, resulting in positive employment gains as hiring improves. This all bodes well for the metals industry in Poland, within which we are forecasting uninterrupted growth from 2014 through to the end of our forecast period in 2018.

Real GDP grew 2.7% year-on-year (y-o-y) in Poland in Q413. While the reading was slightly lower than consensus expectations for 2.9%, BMI had been cautioning for some time that market expectations for Polish growth had been turning slightly too exuberant, despite the positive outlook. Nonetheless, the economic outlook for Poland remains highly encouraging, and we recently revised up our growth forecasts for 2014 to 2.8%, from 2.6% previously. Looking further ahead, we are forecasting growth of 3.1% in 2015 and 3.7% for 2016. Although we are optimistic about Poland's growth prospects, we are more cautious regarding metal consumption and production prospects.

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • ArcelorMittal
  • Company Details
  • Company Overview
  • Company Strategy
  • Financial Data
  • KGHM
  • MORE

BMI Industry View 7

SWOT 9

Metals SWOT 9

Industry Forecast 11

Steel: Waiting On An Autos Sector Recovery 11
Table: Steel Production & Consumption (Poland 2010-2018) 15
Table: Steel Industry Historical Data (Poland 2005-2012) 15

Copper: Surplus To Stagnate 16
Table: Poland - Refined Copper Production, Consumption & Balance ('000 tonnes, unless stated otherwise) 18

Regulatory Development 19
Table: Poland - Political Outlook 21

Commodities Forecast 23

Steel: Prices To Head Higher From 2016 23
Table: BMI Steel Price Forecast 23

Short-Term Outlook (three-to-six months) 23

Long-Term Outlook 24

Production: Chinese Rationalisation Measures To Bite 25

Consumption: Slowing Demand Growth On The Horizon 26

Burgeoning Chinese Exports Will Not Last 27

Eurozone Growth Downgrade Highlights Long Road To Recovery 28

Risks To Price Forecast 28
Table: Steel Data & Forecasts 29

Commodity Strategy 29

Ferrous Metals 29

Non-Ferrous Metals: 32

Aluminium: Price Headwinds To Persist Despite Market Tightness 32

Copper: Bounce To Prove Temporary 33

Nickel: Multiple Price Headwinds To Persist 35

Zinc: No Sustained Gains 38
Table: Select Commodities - Performance And BMI Forecasts 40

Competitive Landscape 41
Table: Europe - Largest Listed Metal Producers 42

Company Profile 45

KGHM 45
Table: KGHM - Key Financial Data 47

ArcelorMittal 48

Company Overview 50

Company Strategy 50

Latest Financial Results 52

Company Details 52

Financial Data 52
Table: ArcelorMittal - Key Financial Data 52

Methodology 53

Cross Checks 53

Note: Product cover images may vary from those shown
3 of 4

KGHM
ArcelorMittal
Company Overview
Company Strategy
Latest Financial Results
Company Details
Financial Data

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

PURCHASING OPTIONS

HAVE A QUESTION?

EMAIL US VIEW FAQs

RELATED PRODUCTS from Db

Our Clients

  • Agnico Eagle Mines Limited
  • Teck Resources Limited
  • BHP Billiton Ltd.
  • Minerals Technologies Inc.
  • Omya AG
  • Imerys S.A.