The outlook for South Africa's metals industry is increasingly troubled as persistently low output prices, rising energy costs and further intense wage negotiations with unions are set to plague the sector. Metals consumption growth will perform better than production growth, due to solid demand growth from the autos sector.

BMI Industry View 7

SWOT 9

Metals SWOT 9

Industry Forecast 11

Steel: Little Incentive To Invest 11

      Table: South Africa - Major Steel Plants 13

      Table: South Africa - Steel Consumption & Production ('000 tonnes) 17

      Table: South Africa - Steel Production & Trade Historical Data ('000 tonnes, unless stated otherwise) 17

Aluminium: Diminishing As An Export Hub 18

      Table: South Africa - Primary Aluminium Production, Consumption & Balance ('000 tonnes, unless stated otherwise) 21

Nickel: Declining Platinum Output To Constrain Nickel 21

      Table: South Africa - Refined Nickel Production, Consumption & Balance ('000 tonnes, unless stated otherwise) 24

Regulatory Development 25

Tax Regime 26

      Table: South Africa - Political Overview 26

Commodities Forecast 28

Commodity Strategy 28

      Steel: Locked In Secular Downtrend 30

      Aluminium: US$1,800/tonne To Provide Strong Support 30

      Copper: Bearish View In Place Despite Some Recovery 31

      Nickel: Despite Recent Gains, Downside Risks Dominate 33

      Zinc: Channelling Support 35

      Table: Select Commodities - Performance & BMI forecasts 37

      Table: BMI Commodities Strategy 37

Commodities Forecast 38

      Table: BMI Steel Forecast 38

      Table: Steel Data And Forecasts, 2009-2017 46

Competitive Landscape 47

      Table: South Africa - Major Steel Production Facilities 47

      Table: South Africa - Select Listed Metals Producers 49

Company Profile 50

ArcelorMittal 50

      Company Strategy 53

      Latest Financial Results 54

      Company Details 55

      Financial Data 55

      Table: ArcelorMittal - Key Financial Data 55

Methodology 56

Cross Checks 56

冶金工业信息标准研究院