Research and Markets: This Latest Belgium Metals Report Provides Independent Forecasts And Competitive Intelligence On The Industry.DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/a0b73e/belgium_metals_rep) has announced the addition of the "Belgium Metals Report Q4 2009" report to their offering. Belgium Metals Report provides industry professionals and strategists, corporate analysts, metals associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Belgium's metals industry. The Belgian steel industry was one of the world's worst performers in 2009 as it became a victim of the Europe-wide recession, but there are signs of cautious optimism as ArcelorMittal restarts some of the capacity closed earlier in the year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. this latest Belgium Metals Report. In H109, Belgian crude steel production fell 66% year-on-year (y-o-y) to 2.07mn tonnes. Although monthly output in June - at 384,000 tonnes - was 63% above the February low-point of 235,000 tonnes, it was still down 63% y-o-y. Moreover, output is at lows not seen for decades and was down 10% on the levels seen in March and April, despite witnessing a brief surge. The authors attribute the modest 2009 upturn to small purchases for restocking rather than a recovery in demand for steel products. In late July, ArcelorMittal restarted a blast furnace blast furnace, structure used chiefly in smelting. The principle involved in this means of extracting metals is that of the reduction of the ores by the action of carbon monoxide, i.e., the removal of oxygen from the metal oxide in order to obtain the metal. it had idled at Ghent for four months. The restart To resume computer operation after a planned or unplanned termination. See boot, warm boot and checkpoint/restart. at one of two furnaces at the site came more than two weeks ahead of schedule. The move came amid signs of a revival in the market as France and Germany declared themselves to be out of recession. However, our outlook for the Belgium economy remains bearish Bearish Words used to describe investor attitude. A bearish investor believes that a particular asset or the market as a whole will decline in value. bearish and this will be reflected in domestic steel output levels. Despite a further downward revision of our real GDP Real GDP This inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price", "inflation-corrected" GDP or "constant dollar GDP". forecast to -3.7% in 2009, consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. is holding up relatively well. We see the latter declining by just 1.4% in real terms this year, although there is a danger that renewed job losses could send confidence tumbling once more. Despite the resumption RESUMPTION. To reassume; to promise again; as, the resumption of payment of specie by the banks is general. It also signifies to take things back; as the government has resumed the possession of all the lands which have not been paid for according to the requisitions of the law, and the of operations at ArcelorMittal's Ghent unit, the report forecasts a 45% drop in crude steel output due to a fall in hot-rolled production downstream From the provider to the customer. Downloading files and Web pages from the Internet is the downstream side. The upstream is from the customer to the provider (requesting a Web page, sending e-mail, etc.). , particularly flats which will be depressed by the effects of the collapse in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , with car scrappage schemes throughout Europe having only a modest and temporary effect on demand for Belgian steel. While Belgium is unlikely to see the kind of monthly output reported in Q1, any growth will largely be the result of inventory building. Actual demand growth is not expected until Q210, with 2010 output set to rise by around 11% above 2009 levels, although this is still a low level. We do not believe that annual steel production will exceed 9mn tonnes again until 2013. The decline in output is related to the collapse in the export market, which is set to fall 38% to 13.6mn tonnes in 2009. At the same time, the import market will fall by around 43% to just under 9.0mn tonnes. The value of net exports will fall from US$10.2bn to US$5.4bn. Aluminium consumption, which is heavily influenced by trends in the automotive industry, is set to fall even faster than demand for steel in Belgium, with the market forecast to fall by 56% y-o-y to under 230,000 tonnes, although it should recover to around 380,000 tonnes by 2013. Key Topics Covered: * SWOT Analysis SWOT Analysis A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. * Global Metals Market Overview * Aluminium Outlook * Copper Outlook * Metals Price Outlook * Global Mining Outlook * Regional Overview * Industry Forecast Scenario * Macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. Outlook * Competitive Landscape * Company Profiles * Global Assumptions * Methodology Companies Mentioned: * ArcelorMittal * Steel Invest and Finance (Duferco) * Corus * Alcoa For more information visit http://www.researchandmarkets.com/research/a0b73e/belgium_metals_rep |
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