Thursday, 29 August 2013

Czech Republic Metals Report Q4 2013

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Czech Republic Metals Report Q4 2013
Aug 28th 2013, 00:00

Price: $ 1295  

The latest annual steel production figures released by the World Steel Association (WSA) show that the country's steel output fell further than expected in 2012, contracting by 9.2% year-on-year (y-o-y) to 5.07mnt. We are forecasting further decline in Czech steel production in 2013 which follows the decision by one of the country's largest steel producers, Evraz, to suspend production for a second time this year, in July 2013. We forecast the country's steel production to shrink by 0.8% year-on-year to 5.03mnt in 2013 while consumption is set to grow by just 1% to 6.91mnt. The Czech steel industry's dependence on longs production, which represents two-thirds of Czech output, means it will mirror the flatlining European construction industry. With construction set to remain weak into 2014, w ...

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