South Korea Metals Report - Business Monitor International - Industry Reports

South Korea Metals Report

South Korea Metals Report - Business Monitor International - Industry Reports
South Korea Metals Report
Published Dec 06, 2014
54 pages — Published Dec 06, 2014
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

Our views on the Chinese economy are below consensus, and we foresee a significant impact on South Korea s export sectors, as China is South Korea s largest export market, with a -- share of total exports. Inflationary pressure is mounting in the Chinese economy and we expect to further tightening measures, which would likely exacerbate weaknesses in the country s housing market. ...As we do not expect a sustained recovery in prices, expecting metals to head broadly lower over ----, it is likely that expansion plans will be delayed and new projects curtailed. As part of its programme to encourage firms to build up their inventories, the Public Procurement Service (PPS) is setting up a physical metal-backed exchange traded fund (ETF) with a bonded warehouse in Busan port with capacity to store about ---,--- tonnes of copper or --,--- tonnes of primary aluminium. Unit prices of the ETF will be based on the cash London Metal Exchange prices and premiums for spot metal at the buying time and the main suppliers will be international trading houses. ...As part of its programme to encourage firms to build up their inventories, the Public Procurement Service (PPS) is setting up a physical metal-backed exchange traded fund (ETF) with a bonded warehouse in Busan port with capacity to store about ---,--- tonnes of copper or --,--- tonnes of primary aluminium. Unit prices of the ETF will be based on the cash London Metal Exchange prices and premiums for spot metal at the buying time and the main suppliers will be international trading houses.

...BMI View: We expect South Korea to become an increasingly large exporter of steel as a weak domestic demand story combines with modest growth rates. Overall, we forecast South Korea s crude steel production to reach --.-mnt in ----, marking annual average growth of -.- from ---- levels. ...We forecast South Korea crude steel production to reach --.-mnt in ----, marking annual average growth of -.- from ---- levels. Growth should remain strong until the end of the forecast period as crude steel production by South Korea s top-three steelmakers, POSCO, Hyundai Steel and Dongkuk Steel, increases to supply raw materials to new steel mills and other steel projects. Notably, POSCO, the country s leading steelmaker and the world s third largest, announced in ---- that it would invest about KRW-.-trn (USD-.-bn) ...The mill will increase POSCO s annual hot-rolled coil production capacity from --.-mnt to --.-mnt in ----. The effects of Japan s earthquake are still being felt as construction efforts in the country will boost South

...Apart from the autos sector, there is little room for growth in the South Korean stainless steel market. ...The third blast furnace is likely to be of similar size to the others at the size (-mntpa) and will bring the company s total capacity to --.-mntpa. This indicates that Hyundai Steel poses a serious threat to POSCO s market share as it seeks to ramp up its steelmaking capacities in South Korea to meet accelerating demand from builders and autos makers. Hyundai Steel s new steelworks also produce high-quality automotive steel plates. ...

  
Source:
Document ID
2040-6789
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "South Korea Metals Report" Dec 06, 2014. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Metals-Report-2026-1413>
  
APA:
Business Monitor International - Industry Reports. (2014). South Korea Metals Report Dec 06, 2014. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Metals-Report-2026-1413>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.