Nov 17 2010
Research and Markets has announced the addition of the "Romania Metals Report Q4 2010" report to their offering.
Business Monitor International's Romania Metals Report provides industry professionals and strategists, corporate analysts, metals associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Romania's metals industry.
Despite strong growth in H110, the Romanian steel industry is being weighed down by both a contraction in the domestic market, and a slowdown in growth in the eurozone, which could combine to undermine output in all segments over the remainder of 2010, and going into 2011, according to BMIs latest Romania Metals Report.
In the first seven months of 2010, Romanian crude steel output grew 51.5% y-o-y to 2.12mn tonnes. Unlike elsewhere in Europe, monthly steel output held up throughout the period, reaching 370,000 tonnes in July, the highest level since October 2008. However, output was still little over 60% of full operational capacity. The rate of economic decline in Romania has been slowing in recent quarters, suggesting that a recovery is getting underway. This is supported by similar improvements in leading indicators, which suggest that economic conditions continue to stabilise. That said, the authors caution that the recovery will remain fragile, with weaker external demand and the overhang of high unemployment preventing a return to precrisis rates of growth. Warning signs are evident, with GDP growing just 0.3% q-o-q, down 0.6% y-o-y in Q210. In June, Minister of Public Finance Sebastian Vladescu warned that the economy would remain in recession in 2010 with growth in 2011 at a meagre 0-1% and the government implements its programme of fiscal restraint.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Global Overview
- Commodities Forecast
- Forecast Scenario
- Competitive Landscape
- Company Profiles
- Global Assumptions
- Country Snapshot: Romania Demographic Data
Companies Mentioned:
- Alro SA
- Mechel
- ArcelorMittal
- Tenaris Silcotub