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Follow on Google News | New Market Research Report: United States Metals Report Q2 2011Fast Market Research recommends "United States Metals Report Q2 2011" from Business Monitor International, now available
The US produced 80.60mn tonnes of crude steel in 2010, up 38.5% year-on-year (y-o-y). As a result, the US's share of world steel production improved to 5.7% from 4.7% in 2009, raising its global ranking from fifth to third. However, output was still 18% down on pre-recession levels. The fragility of the situation facing the steel industry is demonstrated in the output and shipment figures for the first two months of 2011. Crude output in January at 7.19mn tonnes was the second highest monthly rate since September 2008, while output in February was the second lowest in 12 months. The most challenging market is residential and non-residential construction, which stagnated in 2009 and 2010. While a recovery is expected in construction steel products in 2011, it will be tenuous and uncertain. This will be disappointing for EAF mini-mills such as Nucor that produce long production using scrap feedstock, the cost of which rose 30% to US$360/tonne in Q410. In the long term, long steel will be influenced by the US$787bn American Recovery and Reinvestment Act (ARRA). ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ BMI forecasts crude and hot-rolled output growing 3.5% and 4.2% in 2011 to 83.42mn tonnes and 83.20mn tonnes respectively, while finished steel consumption should grow 3.2% to 93.72mn tonnes. However, BMI's growth rate forecasts are more than double those in our previous quarterly report, due in large part to the strength of the manufacturing sector in H111, which performed better than expected. Primary aluminium production was flat at 1.73mn tonnes in 2010. In the first two months of 2011, steel output was up 10.5% y-o-y to 13.8mn tonnes and aluminium output was up 7.0% y-o-y to over 291,000 tonnes. According to the Aluminium Association, demand for US and Canadian aluminium products, measured as shipments from domestic producers plus imports, rose 12.6% y-o-y in 2010, but growth was slowing towards the end of the year. Aluminium should see stronger growth in 2011 as production resumes at Alcoa's facilities and some minor producers. Combined primary and secondary aluminium production is forecast to rise 10.3% to 2.95mn tonnes. The leading producer in the US, Alcoa brought 137,000 tonnes per annum (tpa) of primary aluminium smelter capacity back online in Q111, but was still operating at just under 60% of capacity. It stated in March that the business environment was not strong enough for it to bring back more production capacity idled after the recession. In February 2011, independent producer Ormet Corp restored its 90,000tpa aluminium smelter to full capacity and was close to deciding to restart its newly acquired Burnside alumina refinery, dependent on the movement in the price of alumina. It is aiming to produce 80,000 tonnes of extra aluminium output in 2011. The independent aluminium smelter's total production capacity is about 266,000tpa. Lingering troubles in the automotive industry have ensured it will be 2015 before combined annual aluminium output approaches the 4mn tonnes mark. Secondary aluminium smelting growth will outpace primary smelting. Report Table of Contents: SWOT Analysis - US Political SWOT - US Economic SWOT - US Business Environment SWOT Global Market Overview - Steel To Average US$580/Tonne In 2011 - Table: BMI's Steel Forecasts - Table: Steel Prices (US$m/t) Commodity Strategy - Metals Update - Aluminium - Copper - Lead - Nickel - Tin - Zinc - Gold Forecast Scenario - Table: US Metals Industry ('000 tonnes unless stated) - Macroeconomic Forecasts - Table: United States - Economic Activity, 2006-2015 Competitive Landscape - Steel - Aluminium - Assessing The Impact Of Federal Stimulus Programmes - The Future Of The Automotive Industry Company Profiles - US Steel - Alcoa - Nucor - ArcelorMittal Global Assumptions, Q211 - Table: Global Assumptions, 2009-2015 - Table: 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 Market's GDP Growth, 2010-2013 (% change y-o-y) - Consensus Forecasts - Table: Consensus Forecasts, 2011 And 2012 Country Snapshot: US 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$) - Table: Average Annual Wages, 2000-2012 (US$) BMI Methodology - How We Generate Our Industry Forecasts - Cross Checks 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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