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: The Netherlands - Steel Industry ('000 tonnes, unless stated otherwise) 15

      Table: Netherlands - Steel Industry Historical Data ('000 tonnes, unless stated) 15

Regulatory Development 16

      Table: The Netherlands - Political Overview 16

Commodities Forecast 18

Monthly Metals Update 18

Steel: Locked In Secular Downtrend 20

Aluminium: US$1,800/tonne To Provide Strong Support 20

Copper: Bearish View In Place Despite Some Recovery 21

Nickel: Despite Recent Gains, Downside Risks Dominate 23

Zinc: Channelling Support 25

      Table: Select Commodities - Performance & BMI forecasts 27

      Table: BMI Commodities Strategy 27

Steel Price Forecast 28

      Table: BMI Steel Forecast 28

Short-Term Outlook 28

Core View 28

Global Steel Glut To Persist 29

Production: Rationalisation In The Long Term 29

Consumption: Growth Decelerating 31

Excessive Chinese Exports 32

Growing Arbitrage Between East & West 33

Risks To Price Outlook 33

      Table: Steel Data & Forecasts 34

      Table: Global Steel Prices By Region & Product, US$/tonne (ave) 34

Competitive Landscape 36

      Table: Largest Listed European Metals Producers 37

Company Profile 39

Tata Steel Limited 39

      Table: Tata Steel - Key Financial Data 42

Methodology 43

Cross Checks 43

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