France Metals Report 2015 - Business Monitor International - Industry Reports

France Metals Report 2015

France Metals Report 2015 - Business Monitor International - Industry Reports
France Metals Report 2015
Published Aug 22, 2015
46 pages — Published Aug 22, 2015
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Abstract:

BMI View: France s steel industry is experiencing long-term decline which is currently being accelerated by the weakness in global steel prices and increased competition from China and other foreign producers. After a short-lived rebound in production volumes in ----, we are forecasting further contraction in French steel output this year. However, as price levels bottom out, we expect expansion in domestic crude steel consumption to drive a steady, albeit moderate increase in output through the remainder of our --------- forecast period. We are looking for further fluctuation in France s steel output over the coming quarters as fragile domestic consumption and overseas demand and weak price levels combined to deter new investment and limit capacity. France s total steel production grew by -.- year-on-year (y-o-y) in ----, driven, to a large extent, by a rebound in autos production and construction activity following consecutive years of contraction. ...We expect output growth to begin recovering slowly hereafter as price levels begin to recovery. Over ---------, production is forecast to expand by -.- a year to reach --.--mnt by ----.

...< ALACRA META ABSTRACT>BMI View: France s metals sector continues to be buffeted by global headwinds, including falling steel prices and increasing competition from low-cost overseas producers. We are expecting French steel output to decline this year, following a series of contractions in recent years. ...Standing at more than --mn tonnes (--mnt) a year in the mid ----s,in the decade since, the country s total crude steel output has contracted by about -- and is forecast to dip under --mnt this year following a year-on-year (y-o-y) decline of about -.- . Rising labour and production costs and falling competitiveness have combined with the effects of the global economic downturn and a sluggish French economy to sap investment as the country s larger producers have scaled back capacity. In particular, the future of France s steel sector remains clouded by uncertainty surrounding the future of ArcelorMittal s Florange steel mill, which, having been mothballed by the company in ----, has morphed into an high-stake political dispute. ...In particular, the future of France s steel sector remains clouded by uncertainty surrounding the future of ArcelorMittal s Florange steel mill, which, having been mothballed by the company in ----, has morphed into an high-stake political dispute. By ----, a deal by the government to save the plant from closure with a five-year investment programme appeared to have failed due to technical difficulties, but it seemed unlikely the government would carry through with its threat to nationalise the facility.

...A gradual recovery in domestic steel demand is forecast as automobile production and construction activity start to pick up over the next few years. However, With French exporters continuing to underperform on the global stage and facing increasing competition from the likes of China, we are expecting the investment climate within the country s steel industry to remain tepid at best over the duration of our --------- forecast period. ...

  
Source:
Document ID
2040-6975
Country
Industry
Format:
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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. "France Metals Report 2015" Aug 22, 2015. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/France-Metals-Report-2015-2026-1411>
  
APA:
Business Monitor International - Industry Reports. (2015). France Metals Report 2015 Aug 22, 2015. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/France-Metals-Report-2015-2026-1411>
  
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