Price: $ 1295
The outlook for Spain's metals sector is bleak, with few opportunities for growth in either production or consumption until beyond 2017. The effects of the eurozone crisis and domestic recession on the steel industry means the sector will mean a protracted downturn that could permanently affect its structure. Recovery in the Spanish steel industry will largely depend on growth in exports of manufactured goods. Germany has been the chief target for Spanish steel exports, but the decline in the performance of the German manufacturing sector from mid-2011 is having a deleterious effect on export performance. In early August 2013 ArcelorMittal announced its intension to restart coke oven batteries 7 and 8 in Avilés, northern Spain by mid-November, following their hot shutdown in December 2011, due to ...
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