Commodity market report
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2 Pages

Global steel long-term outlook Q4 2013

Global steel long-term outlook Q4 2013

Report summary

This interim update gives our revised view on steel market fundamentals.

On the back of stronger demand and supply our forecasts of utilisation rates are marginally stronger than previously expected. At the same time we are expecting an increase in steelmaking costs for mills due to upward revisions to iron ore and coal prices - primarily concentrated over the medium, but also into the longer term.  With tighter fundamentals and an upgraded cost base, we have revised steel prices upwards.

What's included?

This report includes 3 file(s)

  • Global steel long-term outlook Q4 2013 PDF - 339.25 KB 2 Pages, 0 Tables, 0 Figures
  • SMS LTO Overview Q4 2013.pdf PDF - 956.69 KB
  • SMS LT Q4 2013(V2.1).xls XLS - 1.65 MB


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: December 2013
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Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

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.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

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.