Romania Metals Report 2015 - Business Monitor International - Industry Reports

Romania Metals Report 2015

Romania Metals Report 2015 - Business Monitor International - Industry Reports
Romania Metals Report 2015
Published May 16, 2015
30 pages — Published May 16, 2015
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Abstract:

� Business Monitor International Ltd Page - technical upgrades of its production process. The group has invested EUR--mn for its unit in Galati, according to CEO of Business Division Galati-Skopje Bruno Ribo. ...The group has invested EUR--mn for its unit in Galati, according to CEO of Business Division Galati-Skopje Bruno Ribo. This forecast is possible only thanks to the measures taken by the authorities in the past months to support restoring the competitiveness of the Romanian business environment, especially aimed to re-establish rational prices for natural gas and electricity , Galati said in a statement. On an intercontinental level, in February ---- the European Parliament passed a resolution backing a plan to revive the bloc s steel industry, calling on the European Commission and member states to adopt economically feasible climate and energy targets. ...Eurofer estimates the European steel industry, which employs millions of people directly and indirectly, has suffered a loss of about --,--- jobs in recent years. The biggest risk to our production growth forecasts for Romania comes in the form of the decision by Mechel to dispose of all of its Romanian steel assets - a decision announced officially in February ----.

...We expect a modest recovery in Romania s steel production over the next few years, with output reaching -.--mn tonnes (mnt) in ---- - an average annual growth rate of -.- from current levels. While this reflects positive growth, output will remain substantially below ---- levels (which reached highs of -.-mnt). ...The group has invested EUR--mn for its unit in Galati, according to CEO of Business Division Galati-Skopje Bruno Ribo. This forecast is possible only thanks to the measures taken by the authorities in the past months to support restoring the competitiveness of the Romanian business environment, especially aimed to re-establish rational prices for natural gas and electricity , Galati said in a statement. With positive growth in the metals-intensive sectors of construction and autos - discussed below in further detail - within Romania, we are fairly optimistic these sectors will offer upside support to its steel industry. ...With positive growth in the metals-intensive sectors of construction and autos - discussed below in further detail - within Romania, we are fairly optimistic these sectors will offer upside support to its steel industry. We see these industries as helping Romania s economy as a whole continuing to gain strength from ---- with real GDP growth of -.- for ----.

...Source: National sources, BMI Output was limited in ---- by Mechel s decision to dispose of its Romanian steel assets - a move officially announced in February ----. ...Production was temporarily suspended at the group s Romanian steelmaking facilities last year due to unfavourable conditions on markets of raw materials - notably ferrous scrap - and finished steel products. Electric smelting facilities at speciality steel producer Mechel Targoviste and Ductil Steel Otelu Rosu temporarily halted operations in November, followed by a temporary halt in production at Ductil Steel Buzau, Laminorul Braila and Mechel Campia Turzii. Mechel has insisted, however, that the move will have no effect on sales volumes as it would maintain supply by running down its inventories. ...

  
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Document ID
2040-6908
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. "Romania Metals Report 2015" May 16, 2015. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Romania-Metals-Report-2015-2026-957>
  
APA:
Business Monitor International - Industry Reports. (2015). Romania Metals Report 2015 May 16, 2015. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Romania-Metals-Report-2015-2026-957>
  
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