DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5a8809/united_kingdom_met) has announced the addition of the "United Kingdom Metals Report Q4 2011" report to their offering.
Business Monitor International's United Kingdom Metals Report provides industry professionals and strategists, corporate analysts, metals associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on United Kingdom's metals industry.
A slight upturn in UK crude steel output in mid-2011 will not be sustained into H211, with the industry struggling due a sluggish domestic recovery and external trade headwinds caused by the slowdown in the eurozone, according to BMI's latest UK Metals Report.
The UK has one of the worst performing steel industries in Europe. In the first seven months of 2011, UK crude steel output rose 0.1% to 5.93mn tonnes. This followed a 3.5% decline to 9.71mn tonnes in 2010.
Although monthly output reached 968,000 tonnes in June - the highest rate since January 2010 - BMI believes that output will fall back during H211. However, base effects from a poor H210 should ensure 1.0% growth in crude steel production to 9.81mn tonnes. Output remains down a third from pre-recession norms and BMI does not anticipate resurgence amid the gloomy economic climate. The beginning of a recovery in the sector is expected to be delayed until 2012 at the earliest, when domestic finished steel consumption is expected to rise 5% to 9.8mn tonnes and exports to rise 8.7% to 6.8mn tonnes.
However, it will take until 2015 at the earliest for domestic and external demand to return to normal. Having lagged most other developed states during the recovery, the UK's economy is now under pressure. That said, for the time being BMI still believes that the economy is traversing a 'soft patch' rather than staring into the jaws of recession.
Companies Mentioned:
- Tata Steel Europe
- Rio Tinto Alcan
For more information visit http://www.researchandmarkets.com/research/5a8809/united_kingdom_met