France's metals sector continues to be buffeted by global headwinds, including falling steel prices and increasing competition from low-cost overseas producers. We are expecting French steel output to decline this year, following a series of contractions in recent years. While we forecast production to begin growing again next years, overall output will remain significantly below levels seen 10 years ago.
Though still among the largest producers in Europe, France's steelmaking capabilities have receded considerably over the past. Standing at more than 20mn tonnes (20mnt) a year in the mid 2000s,in the decade since, the country's total crude steel output has contracted by about 25% and is forecast to dip under 16mnt this year following a year-on-year (y-o-y) decline of about 1.3%. Rising labour and production costs and falling competitiveness have combined with the effects of the global economic downturn and a sluggish French economy to sap investment as the country's larger producers have scaled back capacity. In particular, the future of France's steel sector remains clouded by uncertainty surrounding the future of ArcelorMittal's Florange steel mill, which, having been mothballed by the company in 2012, has morphed into an high-stake 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.
Full Report Details at
- http://www.fastmr.com/prod/1038781_france_metals_report_2015.aspx?afid=301
The France 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 BMI Research's macroeconomists global economic outlook. The report analyses trends and prospects and critically evaluates latest industry news, trends and regulatory developments in France.
BMI's France 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 France.
Key Benefits
* Benchmark BMI's independent metals industry forecasts for France to test other views - a key input for successful budgeting and strategic business planning in the France metals market.
* Target business opportunities and risks in France through our reviews of latest industry trends, regulatory changes and major projects and investments.
* Exploit the latest competitive intelligence and company profiles on your competitors and peers.
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France Metals Report 2015 - New Study Released
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001