Belgium Metals Report Q4 2013 - New Report Available

From: Fast Market Research, Inc.
Published: Tue Aug 27 2013

Recent calls to introduce subsidies to support the European steel industry have led to suggestions that the Belgian government may move to nationalise Arcelor-Mittal's steel operations in Liege. Nationalisation may provide support for Belgium's steel sector which is being hit by flatlining demand from across the eurozone region, including from its main export market, Germany. Falling local demand has been exacerbated by an influx of cheap Chinese steel following increasing production from Chinese steel works during H1 2013 leading to overcapacity.

Pessimism surrounding future levels of demand across Europe has led to led to cut-backs being made by a number of the country's major steel producers including ArcelorMittal and Duferco. ArcellorMittal has pledged to keep its five core finishing lines open at Liege due to their ability to produce dedicated high quality products, which are still in demand within Europe. Meanwhile, the company has been looking for outside investment in the plant's additional facilities. Expected furnace closures by both companies mean that Belgium will not return to pre-crisis volumes of production even after a recovery in European demand. The BMI Q4 2013 report analyses the impact this will have on Belgian steel production as a whole.

Full Report Details at

* BMI does not foresee significant improvement in demand over the coming months; Germany, the main export market for Belgian metals, is expected to see continued stagnation in its economy, putting further downward pressure on demand. We also project zero economic growth for Belgium in 2013.
* We are forecasting negative growth in Belgium steel production over the medium term. Output is set to decrease by 3.6% y-o-y in 2013 to 7.1mnt before falling by 2% y-o-y in 2014.
* Crude steel consumption is also expected to contract and will remain below 5mnt during the remainder of our forecast period. An average decline of 0.1% y-o-y is expected over 2013-2017 with consumption falling to 4.6mnt by the end of our forecast period

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Goldcorp Inc. (G) - Metals and Mining - Deals and Alliances Profile
- Discovery Metals Limited (DML) - Metals and Mining - Deals and Alliances Profile
- Metals Creek Resources Corp. (MEK) - Metals and Mining - Deals and Alliances Profile
- Gold Fields Limited (GFI) - Metals and Mining - Deals and Alliances Profile
- Platinum Group Metals Limited (PLG) - Metals and Mining - Deals and Alliances Profile

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »