United States Metals Report Q1 2014

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Mar 31, 2014, 12:29 ET

LONDON, March 31, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

United States Metals Report Q1 2014

Includes 3 FREE quarterly updates

BMI View:

Our overall tepid forecast for the refined metals sector in the US is based on a steady but less
than robust economic recovery, and the continued long-term trend of declining consumption and metal
intensity per unit of economic growth. In the short term, we expect that refiners and metal producers will
continue bringing production back online as the country's economic outlook improves, particularly in the
construction and automotive sectors. However, production and consumption will probably remain below
pre-crisis levels for some time.
We believe that slow but steady growth in the metals sector will roughly track broader GDP growth, which
we forecast to average 2.6% from 2014 to 2017. Gains in the manufacturing sector, including the
automotive and construction sectors, should lead to steady, albeit low, growth. However, elevated
inventories, weak foreign demand, and increased competition from cheap imports will cap production
increases. Data continues to indicate that while metal industry activity has increased since the end of
2012, industry growth has slowed.
BMI Industry View 7
SWOT 9
Metals SWOT 9
Industry Forecast 11
Steel: Positive Trends To Reverse By Mid-Decade 11
Capacity Utilisation Uptrend Continues 12
Construction And Automotive Sectors To Support Consumption 13
Table: US - Steel Production, Consumption And Balance 15
Aluminium: Production And Consumption Trends To Diverge 15
Economic Recovery To Boost Consumption 15
Production Capacity Remains Under Pressure 16
Table: US - Aluminium Consumption, Production And Balance (kt)18
Copper: Muted Recovery 18
Housing Recovery To Boost Consumption 19
Economic Growth To Bring Production Increases 20
Table: US - Refined Copper Production And Consumption (kt) 22
Zinc: Production And Consumption Growth Subdued 22
Small Increase In Consumption Growth 22
Production Growth To Remain Muted 23
Reliance On Imports To Continue 24
Table: US - Refined Zinc Production And Consumption ('000 tonnes) 25
Regulatory Development 26
Tax Regime 26
Minimal Corruption 27
Table: US Political Overview 27
Commodities Forecast 29
Iron Ore: Rally To Fade In Q413 30
Steel: Supply Glut To Endure 31
Aluminium: Surge Gives Way 32
Copper: Weak Outlook 33
Lead: Short-Term Weakness 34
Nickel: Still The Laggard 35
Zinc: Still A Surplus Market 38
Table: Select Commodities - Performance And BMI Forecasts 39
Table: Global Commodities Strategy 40
Commodities Forecast 40
Table: BMI Steel Forecast 40
Table: Steel Forecast48
Competitive Landscape 49
Table: US - Financial Data For Key Listed Metals Firms, FY 201249
Steel Sector Opportunities 50
Base Metals Remain Consolidated 51
Company Profile 52
Alcoa - Q1 2014 52
Recent Financial Data 55
Table: Alcoa - Key Financial Data 55
Nucor 57
Company Strategy 58
Recent Financial Results 59
Table: Nucor - Key Financial Data 59
ArcelorMittal 61
Company Strategy 64
Company Details 65
Financial Data 66
Table: ArcelorMittal - Key Financial Data 66
Methodology 67
Cross Checks 67