Sweden Metals Report - Business Monitor International - Industry Reports

Sweden Metals Report

Sweden Metals Report - Business Monitor International - Industry Reports
Sweden Metals Report
Published Dec 13, 2014
46 pages — Published Dec 13, 2014
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

< ALACRA META ABSTRACT>BMI View: The recent financial results reported by Sweden s largest steel producer, SSAB, are further evidence of an improving operating environment. After six consecutive quarters of negative results, the company returned to profitability in the first quarter of ---- and has since shown further improvement in terms of its financial performance. ...Indeed, the country s steel exports contracted sharply in both ---- and ----, falling by -- and -- respectively. While sales have since started to recovery, we note that steel consumption remains weak both domestically and across the European Union, a scenario which have seen producers focus their sales strategies increasingly on the US market, where demand is relatively buoyant. We expect this trend to continue through ----, with SSAB in particular concentrating on opportunities in the North American market and continuing to push through price increases on a number of its products. ...One of two blast furnaces in Oxelsoeund was shut down in mid----- for relining, which has since been completed. Meanwhile, while global steel prices have been rising steadily during the past year, steelmakers will also be aware of the growing threat to prices presented by imports of cheap Chinese products over recent quarters, which will no doubt have to be factored into their pricing strategies.

...Sweden s largest steelmaker SSAB reported sales of SEK--.--bn (USD-.--bn) in Q---, up from SEK-.-bn (USD) in Q---. ...compared with the third quarter of ----, driven primarily by significantly higher earnings in the North American operations, due primarily to higher prices and improved productivity , President and CEO Martin Lindqvist said. The firm s Q--- reports illustrate a further improvement in SSAB s performance, and indeed that of the country s wider steel industry, which is due in large part to producers ability to push through prices increases on a number of products over recent months. Much of this has been due to strong growth in US sales, owing to the recovery in the country s industrial and car manufacturing sectors. ...Much of this has been due to strong growth in US sales, owing to the recovery in the country s industrial and car manufacturing sectors. In a statement issued in August, the company said that it expected the US market to continue to grow in terms of demand over H-

...We are narrowly revising our ---- full-year production growth forecasts for the Swedish steel sector downwards, after it emerged that crude steel output rose by -.- year-on-year (y-o-y) during the first nine months of ---- to reach -.--mn tonnes (mnt). This indicates a slight slowing on the previous rate of growth, highlighted in our Q--- report, which showed output to have grown by -.- y-o-y during the first seven months to the year. ...This indicates a slight slowing on the previous rate of growth, highlighted in our Q--- report, which showed output to have grown by -.- y-o-y during the first seven months to the year. We note the impact of base effects in this scenario, with steel production having slowed significantly during the first half of ---- before accelerating during H--- and particularly into the final quarter of the year. With the rate of growth likely to have slowed in Q---, we forecast total steel output to have reached -.--mnt over the ---- full year, representing a y-o-y increase of -.- over ----. ...

  
Source:
Document ID
2040-6940
Country
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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MLA:
Business Monitor International - Industry Reports. "Sweden Metals Report" Dec 13, 2014. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Sweden-Metals-Report-2026-1414>
  
APA:
Business Monitor International - Industry Reports. (2014). Sweden Metals Report Dec 13, 2014. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Sweden-Metals-Report-2026-1414>
  
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