United Kingdom Metals Report Q1 2015 - New Market Research Report

From: Fast Market Research, Inc.
Published: Mon Dec 08 2014

After a strong year for the UK steel industry in both production and consumption in 2013, we are forecast ing the recovery to remain on track, albeit at a slower pace going forward. In line with its European counterparts, the UK metals industry has been rocked by low profitability that has led to capacity reductions and disinvestment. However, the worst is probably over for the UK, as slightly stronger domestic demand and recent investment from international firms such as Sahaviriya Steel Industries and Tata Steel should arrest the decline in sector fortunes and ensure that the sector continues to accelerate through to the end of our forecast period in 2018.

Serving as a constant reminder that the recovery may be built upon fragile ground, however, monthly data for activity in the steel sector in the UK has been volatile during the first eight months of 2014. Indeed, after a strong start with 30.8% year-on-year growth in January, a 9.3% drop off in activity in April, and a sluggish recover since means that that month-on-month activity at the end of August (latest available data) sits not much higher than where it stood eight months previously. Only a 11.7% improvement in production in August helped push overall ourput in the year-to-date back into positive territory.

Full Report Details at
- http://www.fastmr.com/prod/912312_united_kingdom_metals_report_q1_2015.aspx?afid=301

Going forward, we expect the UK autos industry to provide a much-needed boost to domestic steel demand, as both vehicle demand and production continue to recover. However, conditions for firms in the steel industry will remain challenging due to a combination of low output prices, high input costs, regulation and weak external demand for UK steel exports. Opportunities for local firms exist in servicing domestic manufacturing such as autos and demand for high end steel products in fast growing but lower technology emerging markets. The impact of the UK construction sector may be slightly more moderate, however. Despite robust growth in overall activity,...

The United Kingdom 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 United Kingdom.

BMI's United Kingdom 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 United Kingdom.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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