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United Kingdom Metals Report 2016

United Kingdom Metals Report 2016

BMI View: The UK metals sector will suffer further consolidation over the coming quarters as steelmakersin particular battle against an increasingly challenging climate. A collapse in global steel prices, instigatedby a surge in Chinese production, has hit UK firms especially hard given the country's high operating costs.

While a number of measures have been floated to protect local producers, as yet little action has beentaken.

The operating environment for UK metals produces will continue to deteriorate through 2016, following achallenging few years for the industry. The scaling down of Rio Alcan's aluminium operations in 2012marked the start of the decline in UK metals production which has since spread to the steel industry. Whilesteel output grew in both 2013 and 2014, we estimated production to have shrunk by 7.5% y-o-y in 2015 to11.2mn tonnes (mnt).


BMI Industry View
SWOT
Metals SWOT
Industry Forecast
Steel: Further Pain In Store For UK Producers
Table: Steel Production & Consumption (United Kingdom 2012-2019)
Table: Steel Industry Historical Data (United Kingdom 2006-2013)
Commodities Forecast
Commodities Outlook
Table: BMI Commodities Price Forecasts
Competitive Landscape
Table: Largest European Listed Metals Producers
Company Profile
Tata Steel Limited - Q1 2016
Table: Tata Steel - Key Financial Data
Rio Tinto - Q1 2016
Company Overview
Company Strategy
Table: Rio Tinto - Key Projects
Latest Financial Results
Table: Rio Tinto - Key Financial Data
Methodology
Cross Checks

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