South Africa Metals Report 2015 - Business Monitor International - Industry Reports

South Africa Metals Report 2015

South Africa Metals Report 2015 - Business Monitor International - Industry Reports
South Africa Metals Report 2015
Published May 16, 2015
51 pages — Published May 16, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: South Africa s steel industry will see only modest growth in production and consumption over our five-year forecast period. The industry will be constrained by subdued steel prices and longer-term structural problems in the country s business environment. ...The country ranks --st globally in terms of total crude steel production, and the country s mills service both the domestic manufacturing and construction sectors and export both crude steel and products to the region. According to data from Trade Map, nearly -- of semi-finished iron and non-alloy steel product exports from South Africa remained within Africa in ----, while Asia received nearly -- , with Indonesia and India being the continent s two top importers. Steel imports into South Africa will continue to rise, having surged more than four-fold from ---- to ----. ...According to data from Trade Map, nearly -- of semi-finished iron and non-alloy steel product exports from South Africa remained within Africa in ----, while Asia received nearly -- , with Indonesia and India being the continent s two top importers. Steel imports into South Africa will continue to rise, having surged more than four-fold from ---- to ----.

...BMI View: South Africa s metals industry will face the continued prospect of subdued refined metal prices, elevated energy costs, and labour unrest, limiting the industry s investment and growth prospects. Nevertheless, modest multi-year consumption growth for metals will be driven by the country s automotive, construction, and infrastructure sectors. ...Lower oil prices will benefit private consumption and investment, leading to our upward revision for South African real GDP growth from -.- to -.- . While automotive production is likely to remain weak in ---- following significant production declines in ----, we forecast stronger industry fundamentals in ---------, supporting demand for steel, aluminium, and nickel. More broadly, we forecast average real GDP growth of -.- in ---------, with the construction and infrastructure industries seeing average annual growth of -.- and -.- , respectively over the same period. ...While automotive production is likely to remain weak in ---- following significant production declines in ----, we forecast stronger industry fundamentals in ---------, supporting demand for steel, aluminium, and nickel. More broadly, we forecast average real GDP growth of -.- in ---------, with the construction and infrastructure industries seeing average annual growth of -.- and -.- , respectively over the same period.

...Sub-Saharan Africa will be a global economic growth outperformer to ----, increasing regional metal export opportunities in the coming years. South African exports will be assisted by a weaker currency than in recent years. ...

  
Source:
Document ID
2040-6835
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. "South Africa Metals Report 2015" May 16, 2015. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Africa-Metals-Report-2015-2026-978>
  
APA:
Business Monitor International - Industry Reports. (2015). South Africa Metals Report 2015 May 16, 2015. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Africa-Metals-Report-2015-2026-978>
  
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