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New Market Research Report: Italy Metals Report 2015.

[USPRwire, Tue May 26 2015] The outlook for Italy's metals sector remains fraught with challenge, with weak economic growth, falling capacity and increasing competition combining to stymie production. While consolidation and strategic developments are likely to ensure the industry's long-term survival, we expect the operating environment for Italian producers of steel and other metals to remain extremely challenging over 2015 and beyond.

Italy's metals sector is at a crucial stage of its development. Having traditionally been a high volume producer of key industrial metals, including steel and aluminium, the country will need to consider ways to make itself competitive once again in an increasingly challenging global landscape. The Italian steel sector, while remaining the second largest in Europe, is going through a painful stage of readjustment. Faced with increasing obstacles, it looks increasingly likely that, going forward, Italy's crude steel output will fall increasingly short of the turn to the 30mn tonnes per annum (tpa) that regularly witnessed up until the 2008 financial crisis.

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Italy's prolonged economic crisis combined with the wider economic malaise being felt across the eurozone has led to falling demand across the majority of country's core demand base. Indeed, Italy's steel consumption has roughly tracker the trajectory of the wider Italian economy, suffering heavy, double-digit contractions in both 2009 and 2012, which growth in intermittent years has been limited at best. Adding to the steel industry's woes has been growing competition from non-EU producers, such as China, which has contrived to keep global steel prices at rock bottom.

In this challenging operating environment, it is little wonder that many of Italy's largest steel producers have struggled to remain profitability. Perhaps the most noticeable sign of the industry's struggles has been the plight of the Ilva Steel plant in Taranto, Puglia which has traditionally comprised around 30% of...

The Italy 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 BMI Research's macroeconomists global economic outlook. The report analyses trends and prospects and critically evaluates latest industry news, trends and regulatory developments in Italy.

BMI's Italy 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 Italy.

Key Benefits

* Benchmark BMI's independent metals industry forecasts for Italy to test other views - a key input for successful budgeting and strategic business planning in the Italy metals market.

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Date:May 26, 2015
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