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France Metals Report Q1 2015

  • ID: 3049925
  • December 2014
  • Region: France
  • 50 pages
  • Business Monitor International
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FEATURED COMPANIES

  • ArcelorMittal
  • Company Overview
  • Company Strategy
  • Latest Financial Results
  • Rio Tinto - Q115
  • MORE

France's metals sector is set for an extended period of very modest but uninterrupted growth in terms of both output and consumption through to the end of our forecast period in 2018. As long as major producers in the sector hold back on investment, however, we will not see growth accelerating at a rate any faster than the broader European market. Within the metals industry, steel will continue to dominate the country's metals industry, aided by a turnaround in the fortunes of France's domestic autos industry in 2015.

ArcelorMittal and Rio Tinto, the two largest producers in the country, are facing an increasingly hostile and competitive operating environment, with steel still cheap on a relative basis and aluminium being exported from China. We therefore do not expect France to return to pre-2008 rates of production or consumption before the end of our forecast period to 2018.

Uncertainty surrounds the future of ArcelorMittal's Florange steel mill, which has turned into an increasingly fraught political dispute. By 2013, a deal by the government to save the plant from closure with a five-year investment programme appeared to have failed due to technical difficulties, but it seemed unlikely the government would carry through with its threat to nationalise the facility.

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

  • ArcelorMittal
  • Company Overview
  • Company Strategy
  • Latest Financial Results
  • Rio Tinto - Q115
  • MORE

BMI Industry View 7

SWOT 9

Metals SWOT 9

Industry Forecast 11

Steel: Weak Growth Outlook As Economy Stalls 11

Demand: Improving Outlook For Autos In 2015 13
Table: Steel Production & Consumption (France 2010-2018) 14
Table: Steel Industry Historical Data (France 2006-2013) 14

Commodities Forecast 16

Commodity Strategy 16

Ferrous Metals 16

Non-Ferrous Metals: 19

Aluminium: Price Headwinds To Persist Despite Market Tightness 19

Copper: Bounce To Prove Temporary 20

Nickel: Multiple Price Headwinds To Persist 22

Zinc: No Sustained Gains 25
Table: Select Commodities - Performance And BMI Forecasts 26

Steel: Prices To Head Higher From 2016 27
Table: BMI Steel Price Forecast 27

Short-Term Outlook (three-to-six months) 27

Long-Term Outlook 28

Production: Chinese Rationalisation Measures To Bite 29

Consumption: Slowing Demand Growth On The Horizon 30

Burgeoning Chinese Exports Will Not Last 31

Eurozone Growth Downgrade Highlights Long Road To Recovery 32

Risks To Price Forecast 32
Table: Steel Data & Forecasts 33

Competitive Landscape 34
Table: Metals Industry - Key Facilities 34
Table: Largest Listed European Listed Metals Producers 35

Company Profile 38

Rio Tinto - Q115 38

Company Overview 40

Company Strategy 41

Latest Financial Results 42
Table: Rio Tinto - Key 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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Rio Tinto - Q115
Company Overview
Company Strategy
Latest Financial Results
ArcelorMittal

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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