The Netherlands' metals sector is set for sound growth over the coming years as prices for high quality steel remain elevated and encourage production. Steel will continue to dominate the country's metals industry; however, we do not expect any significant new investment over the coming years.

BMI Industry View 7

SWOT 10

Metals SWOT 10

Industry Forecast 12

Steel: Growth To Head Higher 12

      Table: Steel Production & Consumption (000 tonnes, Unless Stated Otherwise) (Netherlands 2009-2018) 15

      Table: Steel Industry Historical Data (000 tonnes, Unless Stated Otherwise) (Netherlands 2003-2012) 15

Regulatory Development 17

      Table: The Netherlands - Political Overview 17

Commodities Forecast 19

Monthly Metals Update 19

Iron Ore: Chinese Stimulus Not A Game Changer 19

Steel: Gradual Rationalisation Insufficient To Boost Prices 21

Aluminium: Recent Rally Unlikely To Persist Into H214 22

Copper: Bearish Forecast Appears Well Placed 23

Lead: Picking Up Autos Sector Tailwinds 24

Nickel: Recent Rise To Fall Back In H214 25

Zinc: Potential Test Of Resistance In Coming Weeks 27

      Table: Select Commodities - Performance & BMI Forecasts 29

Steel Price Forecast 29

      Table: BMI Steel Forecast 29

Short-Term Outlook 30

Core View 30

Global Steel Glut To Persist 31

Production: Rationalisation In The Long Term 31

Consumption: Growth Decelerating 33

Excessive Chinese Exports 35

Growing Arbitrage Between East & West 35

Risks To Price Outlook 36

      Table: Steel Data & Forecasts 37

      Table: Global Steel Prices By Region & Product, US$/tonne (ave) 37

Competitive Landscape 39

      Table: Largest Listed European Metals Producers 40

Company Profile 42

Tata Steel Limited 42

      Table: Tata Steel - Key Financial Data 45

Methodology 46

Cross Checks 46

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