BMI's Q4 2014 Sweden Metals report examines the trends within the country's steel and aluminium sectors and assesses the challenges facing the industry's key players as they look to recover from the downturn in metal demand and prices over the past few years.

BMI Industry View 7

SWOT 9

Metals SWOT 9

Industry Forecast 11

Steel: Production Gathers Momentum 11

      Table: Sweden - Steel Production & Consumption 15

      Table: Sweden - Steel Industry Historical Data 15

Regulatory Development 17

      Table: Sweden - Domestic Politics 19

Commodities Forecast 20

      Table: BMI Steel Price Forecast 20

Short-Term Outlook 20

Core View 21

Surplus Set To Slim 21

Production: Reining In Growth 22

Consumption: Deceleration Ahead 24

No Respite From Chinese Exports Over Coming Months 26

Arbitrage Set To Grow Between East And West 27

Risks To Price Outlook 28

      Table: Steel Data & Forecasts 28

      Table: Global Steel Prices By Region & Product, USD/tonne (average) 29

Commodity Strategy 30

      Ferrous Metals: 31

      Iron Ore: Price Slump Overdone, Stabilisation In Sight 31

      Steel: Price Forecast Revised Up 31

      Non-Ferrous Metals: 33

      Aluminium: Recent Break Signals Multi-Month Strength 33

      Copper: Subdued Prices Into Q314 34

      Lead: Prices To Strengthen As Deficit Deepens 35

      Nickel: H214 Rally Unlikely 36

      Tin: More Resilient Than Other Metals 37

      Zinc: Sustained Break Unlikely 39

      Table: Select Commodities - Performance & BMI Forecasts 40

Competitive Landscape 42

      Table: Main Steel Producers In Sweden 43

      Table: European Steelmakers By Market Cap 43

Company Profile 46

RUSAL 46

      Latest Results 49

      Table: Rusal - Supply Chain Analysis 49

      Table: RUSAL - Key Financial Data 50

Methodology 51

Cross Checks 51

冶金工业信息标准研究院