An up-tick in Belgium's economic growth in 2014 is unlikely to filter down into the country's steel sector with the industry continuing to be hit by overcapacity coupled with sluggish demand deriving, in part, from weak growth across the region's automotive sector. The country's largest producer ArcelorMittal continues to downsize its Belgium operations, in favour of channelling investment to neighbouring regions, such as France.

BMI Industry View 5

SWOT 6

Metals SWOT 6

Industry Forecast 7

Steel: Further Pain In Store For Producers 7

      Table: Belgium - Steel Production & Consumption ('000 tonnes, unless stated otherwise) 10

      Table: Belgium- Steel Industry Historical Data ('000 tonnes, unless stated otherwise) 10

Commodities Forecast 11

      Table: BMI Steel Forecast 11

      Table: Steel Data And Forecasts, 2009-2017 19

Competitive Landscape 20

      Table: Financial Breakdown Of Companies Operating In Belgium 21

Company Profile 23

Alcoa - Q1 2014 23

Recent Financial Data 26

      Table: Alcoa - Key Financial Data 26

ArcelorMittal 28

Company Strategy 31

Company Details 32

Financial Data 33

      Table: ArcelorMittal - Key Financial Data 33

Methodology 34

Cross Checks 34

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