BMI's Q3 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 8

Metals SWOT 8

Industry Forecast 10

Steel: Recovery Surprises To The Upside 10

      Table: Sweden - Steel Production & Consumption 13

      Table: Sweden - Steel Industry Historical Data 13

Regulatory Development 15

      Table: Sweden - Domestic Politics 17

Commodities Forecast 18

Monthly Metals Update 18

      Iron Ore: Chinese Stimulus Not A Game Changer 18

      Steel: Gradual Rationalisation Insufficient To Boost Prices 20

      Aluminium: Recent Rally Unlikely To Persist Into H214 21

      Copper: Bearish Forecast Appears Well Placed 22

      Lead: Picking Up Autos Sector Tailwinds 23

      Nickel: Recent Rise To Fall Back In H214 24

      Zinc: Potential Test Of Resistance In Coming Weeks 26

      Table: Select Commodities - Performance & BMI Forecasts 28

Steel Price Forecast 28

      Table: BMI Steel Forecast 28

      Short-Term Outlook 30

      Core View 30

      Global Steel Glut To Persist 30

      Production: Rationalisation In The Long Term 31

      Consumption: Growth Decelerating 33

      Excessive Chinese Exports 34

      Growing Arbitrage Between East & West 35

      Risks To Price Outlook 35

      Table: Steel Data & Forecasts 36

      Table: Global Steel Prices By Region & Product, US$/tonne (ave) 36

Competitive Landscape 38

      Table: Main Steel Producers In Sweden 39

      Table: European Steelmakers By Market Cap 39

Company Profile 42

RUSAL 42

      Latest Results 45

      Table: Rusal - Supply Chain Analysis 45

      Table: RUSAL - Key Financial Data 46

Methodology 47

Cross Checks 47

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