BMI's Q3 2014 Malaysia Metals reports analyses developments taking place across the country's metals sector in light of a slowing Chinese economy and increasing competition between regional base metals producers. We are forecasting production of the country's two main metals products - steel and tin - to continue to grow at a steady clip, supported largely by a strong Malaysia economy and robust levels of domestic demand.

BMI Industry View 7

SWOT 10

Metals SWOT 10

Industry Forecast 12

      Steel: Domestic Demand Key To High Output 12

      Table: Steel Production & Consumption (Malaysia 2010-2018) 17

      Tin: Production Recovering, But Challenges Remain 17

      Table: Refined Tin Production, Consumption & Balance (Malaysia 2010-2018) 19

Regulatory Development 20

      Table: Import Duties - Steel Wire Rods 20

      Table: Political Overview 23

Commodities Forecast 25

Monthly Metals Update 25

      Iron Ore: Chinese Stimulus Not A Game Changer 25

      Steel: Gradual Rationalisation Insufficient To Boost Prices 27

      Aluminium: Recent Rally Unlikely To Persist Into H214 28

      Copper: Bearish Forecast Appears Well Placed 29

      Lead: Picking Up Autos Sector Tailwinds 30

      Nickel: Recent Rise To Fall Back In H214 31

      Zinc: Potential Test Of Resistance In Coming Weeks 33

      Table: Select Commodities - Performance & BMI Forecasts 35

Steel Price Forecast 35

      Table: BMI Steel Forecast 35

      Short-Term Outlook 36

      Core View 36

      Global Steel Glut To Persist 37

      Production: Rationalisation In The Long Term 37

      Consumption: Growth Decelerating 39

      Excessive Chinese Exports 41

      Growing Arbitrage Between East & West 41

      Risks To Price Outlook 42

      Table: Steel Data & Forecasts 43

      Table: Global Steel Prices By Region & Product, US$/tonne (ave) 43

Competitive Landscape 45

      Table: Malaysia - Financial Data Of Key Listed Companies 46

Company Profile 48

Malaysia Smelting Corporation Berhad 48

      Table: MSC - Key Financial Data 50

Methodology 51

Cross Checks 51

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