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Global steel long-term outlook Q2 2016


Global steel long-term outlook Q2 2016

Report summary

Through the second quarter of the year we have not seen a tangible improvement in steel market conditions. In fact, for emerging markets the outlook has deteriorated further and we have revised down our forecasts for China, India, Brazil and Russia. Globally, the adjustment has shaved 28Mt off our demand and 31Mt off our production forecast by 2035 and the four above mentioned markets accounted for 87% of the total downward revision.

What's included?

This report includes 2 file(s)

  • SMS LT Q2 2016(V2.4).xls XLS - 2.29 MB
  • Global steel long-term outlook Q2 2016.pdf PDF - 1.69 MB

Description

As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Steel Long Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
    • Interim forecast update: June 2016
      • The key changes since our last long term report published in March 2016 are as follows:
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We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.