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In China, stronger than expected manufacturing activity, accelerated capacity closures, soaring raw material costs and speculation have all led to a surge in steel prices that has had an impact worldwide. In Europe and the US this has shrunk the relative regional price premia and combined with aggressive trade defences resulted in easing imports. While this has allowed for some increase in domestic steel prices, ongoing destocking has prevented any noteworthy recovery in domestic steel shipments and production. As part of this update we discuss what to expect next across the key regions.
What's included?
This report includes 2 file(s)
Global steel long-term outlook Q4 2016.pdf PDF - 2.11 MB
Global steel long-term outlook Q4 2016.xls XLS - 2.36 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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
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Commodity market report | Dec 2016
Global steel long-term outlook Q4 2016
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