Thursday, 16 May 2013

Australia Metals Report Q3 2013

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Australia Metals Report Q3 2013
May 15th 2013, 00:00

BMI View: Across all types of metals, we expect subdued growth in both production and consumption inAustralia as a weakening global economic outlook, notably China, continue to take its toll on Australia''scommodity driven economy. While significant additional global monetary stimulus should help to boostmetal prices in the near term, the bout of loosening measures will be insufficient to stem the slowdown andthe medium-term outlook for metals remain weak.The slowdown in the metals industry in Australia is best exemplified by monthly crude steel production,which has continued to slide into negative territory following growth in 2010. Weak demand from slowingdomes...

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