Global Steel Metals Report - Business Monitor International - Industry Reports

Global Steel Metals Report

Global Steel Metals Report - Business Monitor International - Industry Reports
Global Steel Metals Report
Published Aug 27, 2016
95 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: The H--- global steel price rally will continue to fade and prices will head lower in the latter half of ---- as declining Chinese steel demand growth, stemming from a slowdown of the country s construction activity, will result in an oversupplied market. From ---- onwards, prices will gradually edger higher due to Chinese supply moderation. Short-Term Outlook (three-to-six months) We forecast steel prices to trade between USD-------/tonne in H---, slightly below USD-------/tonne during H---, averaging USD---/tonne during ----. Steel prices rallied over H---, but a slowdown in Chinese construction activity will decrease demand for steel, resulting in excess capacity, which will push prices lower by the end of ----. The majority of the excess capacity s downside effects on prices will be mitigated by a tightening market as Chinese steel inventories, as a proportion of steel production, are at a historic low (see chart below), which could provide modest support to prices over the coming months. ...Steel prices rallied over H---, but a slowdown in Chinese construction activity will decrease demand for steel, resulting in excess capacity, which will push prices lower by the end of ----. The majority of the excess capacity s downside effects on prices will be mitigated by a tightening market as Chinese steel inventories, as a proportion of steel production, are at a historic low (see chart below), which could provide modest support to prices over the coming months.

...� Business Monitor International Ltd Page -- coming offline at a slower pace than we initially expected (see: Steel Prices To Head Lower In H--- , July --). We forecast the H--- steel price rally to fade over the latter half of ----, but gradually edge higher from ---- onwards, due to Chinese supply moderation. ...� Business Monitor International Ltd Page -- coming offline at a slower pace than we initially expected (see: Steel Prices To Head Lower In H--- , July --). We forecast the H--- steel price rally to fade over the latter half of ----, but gradually edge higher from ---- onwards, due to Chinese supply moderation. We forecast steel prices to average USD---/tonne during ---------, significantly lower than the annual average of USD---/tonne during ---------. ...Low iron ore prices will continue to support steel producer margins, despite falling steel prices. This in turn will slow the closure of high-cost steel producers necessary to rebalance the steel market, resulting in a very modest uptrend in steel prices.

...We have slightly revised down our steel price forecast over our forecast period to ----, as Chinese government stimulus measures, implemented in the housing market, and positive investor sentiment, resulted in steel prices rallying over H---. The stimulus measures will result in Chinese steel production coming offline at a slower pace than we initially expected (see: Steel Prices To Head Lower In H--- , July --). ...

  
Source:
Document ID
2397-5172
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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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Global Steel Metals Report" Aug 27, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Steel-Metals-Report-2026-1973>
  
APA:
Business Monitor International - Industry Reports. (2016). Global Steel Metals Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Steel-Metals-Report-2026-1973>
  
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