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Romania Metals Report Q1 2015

  • ID: 3042355
  • November 2014
  • Region: Romania
  • 50 pages
  • Business Monitor International
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FEATURED COMPANIES

  • ArcelorMittal
  • Company Details
  • Company Overview
  • Company Strategy
  • Financial Data
  • Latest Financial Results
  • MORE

BMI View: Romania's metals sector will continue to see modest growth over the coming years as it slowly recovers from the global downturn. This is primarily the case for steel, the largest sub-component of Romania's metals sector. With modest growth in both autos production and the country's construction sector, we expect modest growth in steel output over the next five years. In addition, with our expectation for steel prices to head broadly lower over the coming years, we see few sources of encouragement for the sector. Therefore, whilst we forecast modest growth in output, it will remain far off 2007 highs.

Romanian crude steel output demonstrated modest growth in 2013 of 1.0%, however, production is still more than a third less than pre-2008 levels. We note that output was damaged by Mechel's withdrawal from its Romanian assets. BMI forecasts an acceleration in growth in 2014 at 2.0% year-on-year (y-oy),
however, to reach 3.39mnt of crude steel. We expect growth to accelerate further by 2.4% in 2015, to reach 3.47mnt. Supporting this forecast, ArcelorMittal Galati Romania has announced that it expects to increase its steel production by 15% to more than 2mn tonnes (mnt) in 2015 from 1.6 mnt, after major technical upgrades of its production process. The group has invested EUR10mn for its unit in Galati,
according to CEO of Business Division Galati-Skopje Bruno Ribo. 'This forecast is possible only thanks to the measures taken by the authorities in the past months to support restoring the competitiveness of the Romanian business environment, especially aimed to re-establish rational prices for natural gas and electricity', Galati said in a statement.

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

FEATURED COMPANIES

  • ArcelorMittal
  • Company Details
  • Company Overview
  • Company Strategy
  • Financial Data
  • Latest Financial Results
  • MORE

BMI Industry View 7

SWOT 10

Metals SWOT 10

Industry Forecast 12

Steel: Little Growth Ahead 12
Table: Steel Production & Consumption (Romania 2010-2018) 15
Table: Steel Industry Historical Data (Romania 2005-2012) 16

Regulatory Development 17

Commodities Forecast 19

Commodity Strategy 19

Ferrous Metals 20

Non-Ferrous Metals: 23

Aluminium: Prices To Remain Elevated Following Recent Dip 23

Copper: Chinese Weakness To Create Further Headwinds 24

Nickel: No Sustained Rally Ahead 26

Zinc: Subdued Short-Term Outlook Before Multi-Year Gains 29
Table: Select Commodities - Performance And BMI Forecasts 30

Steel: Prices To Head Higher From 2016 31
Table: BMI Steel Price Forecast 31

Short-Term Outlook (three-to-six months) 31

Long-Term Outlook 32

Production: Chinese Rationalisation Measures To Bite 33

Consumption: Slowing Demand Growth On The Horizon 34

Burgeoning Chinese Exports Will Not Last 35

Eurozone Growth Downgrade Highlights Long Road To Recovery 36

Risks To Price Forecast 36
Table: Steel Data & Forecasts 37

Competitive Landscape 38
Table: Europe - Major Listed Metal Producers 39

Company Profile 42

Mechel 42
Table: Mechel - Financial Data 44

ArcelorMittal 45

Company Overview 47

Company Strategy 47

Latest Financial Results 49

Company Details 49

Financial Data 49
Table: ArcelorMittal - Key Financial Data 49

Methodology 50

Cross Checks 50

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

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

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