Egypt Metals Report 2015 - Business Monitor International - Industry Reports

Egypt Metals Report 2015

Egypt Metals Report 2015 - Business Monitor International - Industry Reports
Egypt Metals Report 2015
Published Aug 15, 2015
35 pages — Published Aug 15, 2015
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Abstract:

Egypt & Turkey - Steel Production Growth & chg y-o-y Egypt - Crude steel production, tonnes, y-o-y Turkey - Crude steel production, tonnes, y-o-y ---- ---- ---- ---- ---- ---- ---- ---- ----f ----f ----f ----f ----f --- --- -- - - -- -- -- e/f = estimate/forecast. Source: BMI, WSA The Chamber of Metal Industries in Egypt has expressed concern at the impact that cheaper Chinese steel will have on the domestic steel industry in Egypt. ...Source: BMI, WSA The Chamber of Metal Industries in Egypt has expressed concern at the impact that cheaper Chinese steel will have on the domestic steel industry in Egypt. However, BMI believes that this may well be an overreaction to the situation, as Egypt currently runs a production deficit, meaning that it currently needs to import around -.-mnt of steel every year to meet domestic demand. The Chinese shipment is significant as it may force local producers in Egypt to lower their prices accordingly to match the price of the newly arrived Chinese steel. ...Previous export destinations for Chinese metals companies have been Turkey, Indonesia and the US; however, these countries now impose approximately USD--- in tax for every tonne of Chinese steel sold on their territory. It is for this reason that Egypt looked to be an attractive destination for the shipment, as there is no such tax in Egypt yet.

...Egypt will continue its trend of running a production deficit, with the need for importing roughly -.-mnt a year to meet demand from the domestic market. However, the effect of the depreciatory trend of the Egyptian pound may impact imports to the country. ...Our Infrastructure desk forecast that capital investment in the Egyptian construction industry will grow by --.- year-on-year (y-o-y) in ---- to USD--.-bn, from ---- s total investment of USD--.-bn. UAE- based developer Emaar Properties has contributed to this resurgence in construction within Egypt, as it announced in November ---- that it will be constructing a major new development in Cairo dubbed Emaar Square, which will cost USD---mn and will be a -.-mn sq ft mixed-use project. New projects and investments are pouring into Egypt, particularly from Gulf countries, as they seek to diversify their regional portfolio. This will ensure that steel consumption in the country continues a steady rise over our forecast period, with annual average steel consumption growth rate of -.- until ----. This will force steel companies to operate at close to full capacity.

...BMI View: The Egyptian steel industry has proven resilient in the face of political revolution and a global economic downturn. While growth has not been impressive, production has not collapsed and investment continues to provide opportunities for growth. ...

  
Source:
Document ID
2040-6843
Country
Industry
Format:
PDF Adobe Acrobat
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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. "Egypt Metals Report 2015" Aug 15, 2015. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Egypt-Metals-Report-2015-2026-873>
  
APA:
Business Monitor International - Industry Reports. (2015). Egypt Metals Report 2015 Aug 15, 2015. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Egypt-Metals-Report-2015-2026-873>
  
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