Czech Republic Metals Report 2015 - Business Monitor International - Industry Reports

Czech Republic Metals Report 2015

Czech Republic Metals Report 2015 - Business Monitor International - Industry Reports
Czech Republic Metals Report 2015
Published Aug 01, 2015
38 pages — Published Aug 01, 2015
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Abstract:

< ALACRA META ABSTRACT>BMI View: Czech steel producers continue to face a number of headwinds which stand to limit growth in output over the next few years. However, the industry continues to retain a competitive edge through its proximity to Germany as well as the development of new product lines by its leading producers. ...While ---- proved an exception to this trend, with total output rising by -.- over the year, the early indications from ---- are that production levels have retreated once more, with output estimated to have contracted by -.- year-on-year (y-o-y) during the first five months of the year. While the outlook for the eurozone economy remains clouded by the ongoing Greek debt crisis and uncertainty among European consumers, growing supply levels present a further threat to Czech producers, who have found the market place increasingly flooded with cheap exports from China and other Asian producers. One of the main effects has been a steady contraction in global steel prices over recent months with prices forecast to average a subdued USD---/tonne in ----. ...Meanwhile, we note the ability of Czech steel producers to remain step ahead of many of their European rivals through product development and innovation which has resulted in the launch of a number of new product lines in recent quarters. We expect continued investment in these areas to give local producers a competitive edge and to allow them to achieve a steady, albeit limited level of growth over the coming months.

...BMI View: Despite an improving demand environment and acceleration in German economic growth, Czech steel production will remain under pressure over the remainder of ----, following an estimated contraction in output during the first few months of the year. Oversupply in the European and wider international steel market will leave Czech steel exports struggling to remain competitive in a low-price environment, however, we note that many producers are looking to product development as a means of growing their sales volumes. ...BMI View: Despite an improving demand environment and acceleration in German economic growth, Czech steel production will remain under pressure over the remainder of ----, following an estimated contraction in output during the first few months of the year. Oversupply in the European and wider international steel market will leave Czech steel exports struggling to remain competitive in a low-price environment, however, we note that many producers are looking to product development as a means of growing their sales volumes. Following acceleration in output over ----, we forecast Czech steel production growth to slow over the coming quarters as a sluggish German economy and surplus Chinese production weigh on export demand. ...With more than -- of exports going to Germany, including vehicles and vehicle parts as well as a range of finished steel products, this should stimulate an increase in Czech production levels over the second half of the year. As such, we forecast output to reach -.--mnt over the full year, equivalent to a y-o-y increase of -.- .

...Like other European producers, Czech steel mills will remain under pressure from supply-side forces over the coming quarters. As Chinese steel consumption levels continue to fall in line with a sluggish economy, excess steel has made its way into the European and other markets. ...

  
Source:
Document ID
2040-6894
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Czech Republic Metals Report 2015" Aug 01, 2015. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Czech-Republic-Metals-Report-2015-2026-867>
  
APA:
Business Monitor International - Industry Reports. (2015). Czech Republic Metals Report 2015 Aug 01, 2015. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Czech-Republic-Metals-Report-2015-2026-867>
  
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