BMI's Q2 2014 Malaysia metals report analyses trends within the country's metals sector as the industry looks to assert its dominance as a leading producer in the Asia-Pacific region. Growth in Malaysian production of key metals such as steel and tin will be assisted by an increasingly supportive government which continues to take steps to increase investment in the sector, while introducing measures to protect the sector against cheap imports, or 'dumping' by foreign companies.

BMI Industry View 7

SWOT 9

Metals SWOT 9

Industry Forecast 11

Steel: Demand Turning Inwards 11

      Table: Malaysia - Steel Production And Consumption Data And Forecasts, 2011-2018 (kt) 15

Tin: Production Recovering, But Challenges Remain 15

      Table: Malaysia - Refined Tin Production Data And Forecast (kt) 17

Regulatory Development 18

      Table: Import Duties - Steel Wire Rods 19

      Table: Political Overview 21

Commodities Forecast 23

Monthly Metals Update 23

Steel: Locked In Secular Downtrend 25

Aluminium: US$1,800/tonne To Provide Strong Support 25

Copper: Bearish View In Place Despite Some Recovery 26

Nickel: Despite Recent Gains, Downside Risks Dominate 28

Zinc: Channelling Support 30

      Table: Select Commodities - Performance & BMI forecasts 32

      Table: BMI Commodities Strategy 32

Steel Price Forecast 33

      Table: BMI Steel Forecast 33

Short-Term Outlook 33

Core View 33

Global Steel Glut To Persist 34

Production: Rationalisation In The Long Term 34

Consumption: Growth Decelerating 36

Excessive Chinese Exports 37

Growing Arbitrage Between East & West 38

Risks To Price Outlook 38

      Table: Steel Data & Forecasts 39

      Table: Global Steel Prices By Region & Product, US$/tonne (ave) 40

Competitive Landscape 41

      Table: Malaysia - Financial Data Of Key Listed Companies 43

Company Profile 44

Malaysia Smelting Corporation Berhad 44

      Table: MSC - Key Financial Data 47

Methodology 48

Cross Checks 48

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