Italy Metals Report Q4 2014 - New Report Available

From: Fast Market Research, Inc.
Published: Thu Oct 09 2014

The outlook for Italy's metals sector is far from encouraging , as a combination of cheap Chinese imports, low domestic demand and few project expansions mean that growth in consumption and production will be sluggish over the period to 2018 . However, we expect Italy to retain its position as the EU's second largest steelmaking country , with a 16% share of production and the status of a new producer. In 2014, we are forecasting steel production in Italy to reach 27.06mn tonnes (mnt), representing an increase of 1.5% year-on-year (y-o-y). Similarly, we are forecasting steel consumption in Italy to rise by 1.4% y-o-y in 2014 to 22.53mnt .

Looking further ahead, we expect both production and consumption to enjoy uninterrupted y-o-y growth throughout the remainder of BMI's forecast period in 2018. We do expect the speed at which both consumption and production grow to slow during this period, however. By the close of 2018 BMI is forecasting production to reach 28,323,000 tonnes while consumption will reach 23,535,000 tonnes. A sustained period of growth - albeit rather modest - will come as a huge plus for the Italian steel industry which has struggled and been hit by a wave of headwinds in recent years. To be sure, steel market growth in 2013 represented a welcome turnaround from a contraction of 2.2% in production and 2.5% in consumption which was recorded in 2012. Monthly data from the first half of this year is certainly supportive of this view: during first six months of the year, 4 months have seen activity increase y-o-y and as of end of June 2014 production sat at a higher level that where it was at the 2013 year-end.

Full Report Details at

As we mentioned, 2013 was not a good year for the industry in terms of output. According to the Italian steel producers association, Federacciai, the country's steel exports to non-EU countries declined by 6.4% to reach 5.35mn metric tons (mt) in 2013. The country's imports increased by 16.5% y-o-y to 6.86mn mt in 2013....

The Italy Metals Report has been researched at source, and features latest-available data for steel, aluminium and other major globally-traded commodities. Our analysis covers all primary indicators, including production, exports and price, with our forecasts underpinned by Business Monitor International (BMI)'s macroeconomists global economic outlook. The report analyses trends and prospects and critically evaluates latest industry news, trends and regulatory developments in Italy.

BMI's Italy Metals Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the metals industry in Italy.

Key Benefits

* Benchmark BMI's independent metals industry forecasts for Italy to test other views - a key input for successful budgeting and strategic business planning in the Italy metals market.

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