Research and Markets: United States Metals Report Q1 2012
March 15 2012 - 11:16AM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/eaa16a/united_states_meta)
has announced the addition of the "United States Metals Report Q1
2012" report to their offering.
Business Monitor International's United States Metals Report
provides industry professionals and strategists, corporate
analysts, metals associations, government departments and
regulatory bodies with independent forecasts and competitive
intelligence on United States's metals industry.
With US growth construction activity still faltering and the
automotive market under pressure, US metals production is set for a
slow year in 2012. However, BMI's latest US Metals Report does not
anticipate the kind of slump seen after the 2008 financial crisis,
despite the concerns surrounding the impact of the eurozone crisis
on the global market.
In 2011 US crude steel production grew 8.4% year-on-year (y-o-y)
to 87.3mn tonnes while hot-rolled output rose 10.0% to 82.2mn
tonnes on the back of a 19.5% rise in consumption to 99.1mn tonnes.
However, it will be some years before production returns to normal.
BMI forecasts flat production and consumption growth in 2012 due to
a slowdown in manufacturing activity, but a contraction is
unlikely.
In 2011, aluminium output grew 14.5% as producers brought
potlines back online and the market returned to a healthier
position. As a result, imports as a proportion of total supply fell
from 45% in 2010 to 43% in 2011. Aluminium production was boosted
in 2011 with Ormet reopening its alumina refinery in H211 and
raising capacity utilisation at its 267,500 tonne per annum (tpa)
smelter from 66% in 2010 to 100% due to positive demand conditions.
Output is set to rise by a further 2.0% to 2.02mn tonnes in
2012.
Growth in consumption and production is expected to continue
over the medium term, although the net national deficit is set to
grow, requiring growth in imports. Further plant openings are
expected amid the stabilisation of product prices and energy costs
as well as improved demand.
Read more inside United States Metals Report Q1 2012
Companies Mentioned:
- Alcoa
- ArcelorMittal
- Nucor
- US Steel
For more information visit
http://www.researchandmarkets.com/research/eaa16a/united_states_meta