Just Published: "Czech Republic Metals Report Q4 2014".
[USPRwire, Wed Sep 17 2014] The Czech steel sector looks well placed to continue its recovery in 2014 following a strong increase in production during the first half of the year. However, we caution that weak domestic consumption growth will leave producers increasingly reliant on overseas demand going forward.
BMI's Czech Metals Report for Q4 2014 assesses the growth prospects for the country's steel sector during 2014 and presents medium-term growth forecasts for steel production to 2018. In Q3 we believe the country's metals sectors will begin to witness a gradual recovery in production levels, following two years of contraction in steel output. The report analyses the reasons for the recovery as well as the ongoing challenges faced by Czech Republic steelmakers over the medium term.
The Czech steel sector has traditionally been one of the strongest in Europe and has been supported, in particular, to the country's close proximity to economic juggernaut, Germany, while strong ties to Russia have provided a steady flow of raw materials to local steelmakers.
Full Report Details at
While this has proved a major strength during times of wider economic growth, the sector has proved extremely vulnerable to fluctuations in economic growth in both Germany and the wider eurozone region, Indeed, the Czech steel industry has been one of the worst affected in Europe by the region's recent economic stagnation, with domestic production contracting by more than 9% in 2012 alone. Meanwhile, increasing price competition from cheaper exporters such as China have heaped more pain on local steelmakers.
The recent sale of one of the country's largest steelmills at Vitkovice is a sign of the times. The facility, purchased by Russian steel major Evraz in 2005 was offloaded to a group of private investors in April 2014 following a period of weak production and poor financial results.
Despite the recent malaise, there are signs that the Czech steel sector is returning to life. We expect production volumes to trend...
The Czech Republic Metals Report has been researched at source, and features latest-available data for steel, aluminium and other major globally-traded commodities. Our analysis covers all primary indicators, including production, exports and price, with our forecasts underpinned by Business Monitor International (BMI)'s macroeconomists global economic outlook. The report analyses trends and prospects and critically evaluates latest industry news, trends and regulatory developments in Czech Republic.
BMI's Czech Republic Metals Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the metals industry in Czech Republic.
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|Date:||Sep 17, 2014|
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