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Follow on Google News | Recently released market study: Italy Metals Report Q3 2011New Materials research report from Business Monitor International is now available from Fast Market Research
------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ The state of the Italian metals industry will mirror that of the overall industrial sector. Italy has thus far been unable to counter the losses in production endured during the global economic crisis, unlike its Northern peer Germany, which has enjoyed something of an industrial renaissance on the back of strong demand from emerging markets. Longs consumption appeared to hold up during Q111, with output and imports both up, although growth remained stronger in the flat segment. A lacklustre performance in the construction sector will continue to weigh down Italian steel consumption. Italian metal production has some way to go before recovering to previous levels and is likely to lag behind domestic consumption, with imports benefiting from any growth in the market. As such, there is still plenty of potential for the domestic metals market to grow. According to Federacciai's statistics, in Q111 Italy's overall steel imports reached 5mn tonnes, a rise of 25.4% y-o-y, while its steel exports totalled 4.4mn tonnes, up 16.2% y-o-y. Italy's semi-finished steel product imports reached 1.05mn tonnes, up 19.9% y-o-y while the country's semi-finished steel product exports amounted to 213,000 tonnes, down 11.2% y-o-y. In Q111, Italy's imports of long steel products increased by 26% to 674,000 tonnes, while its long product exports totalled 857,000 metric tons, up 10.3% y-o-y. Meanwhile, flat steel imports reached 2.89mn tonnes, up 27.4% y-o-y, while flat product exports amounted to 1.89mn tonnes, an increase of 18% y-o-y. The Italian economy remains anchored on the road to recovery, but a return to previous trend growth rates seems unlikely for now. The Italian economy continues to distance itself from recession, though the latest data highlight the weakness of the recovery with growth rates lower than trend growth before the global financial and economic crisis and compared with the recovery from the recession in the mid-1990s. Clearly this time around the Italian economy is struggling to regain momentum. As such we hold to our forecast that the economy will grow at a fairly tepid 1.6% in 2011. Consequently, we see Italian consumption of steel moderating in H211, although a downturn is unlikely. Report Table of Contents: SWOT Analysis - Italy Political SWOT - Italy Economic SWOT Global Market Overview - Steel Forecast - Steel To Average US$580/Tonne In 2011 - BMI Steel Forecast - Steel Prices - Cost Push On The Supply Side - Few Supply Constraints In Sight, For Now Commodities Forecast - Commodity Strategy - Metals Update - Aluminium - Copper - Gold - Lead - Nickel - Tin - Zinc Regional Overview Forecast Scenario - Table: Italy's Metals Industry, Historical Data and Forecast ('000 Tonnes Unless Stated) 2008-2015 - Macroeconomic Outlook - Table: Italy - Economic Activity Competitive Landscape Company Profiles - Sapa Profili - Alcoa Global Assumptions, Q311 - Table: Global Assumptions, 2009-2015 - Table: Global And Regional Real GDP Growth, 2010-2013 (% change y-o-y) - Table: Selected Exchange Rates, 2010-2013 (average) - Developed States - Table: Developed States' GDP Growth, 2010-2013 (% change y-o-y) - Emerging Markets - Table: Emerging Markets' GDP Growth, 2010-2013 (% change y-o-y) - Consensus Forecasts - Table: Bloomberg Consensus GDP Growth Forecasts, 2011-2012 (% change y-o-y) BMI Methodology - How We Generate Our Industry Forecasts - Petrochemicals Industry - Cross Checks Country Snapshot: Italy Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education and Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market and Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Manufacturing Wages, 2000-2012 About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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