DUBLIN--(http://www.researchandmarkets.com/research/mmvnbl/intellinews_poli) has announced the addition of the "Intellinews - Polish Metallurgy Report 2012" report to their offering.)--Research and Markets (
The IntelliNews Polish Metallurgy Sector Report offers an extensive summary of the Polish metallurgy sector, segmented into primary and fabricated metal manufacturing, as well as steel distribution. It includes a complete coverage of the latest developments, trends and corporate news, accompanied by thorough statistics and comments. This sector report is ideal to keep you abreast on recent company and industry news. Written by local professionals, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions.
The metallurgical sector represents a significant part of Poland's industry. It is dominated by the steel industry, which accounts for more than 90% of the country's total metallurgical output. Copper production makes about 7% of the total metallurgical output, while other metals, like lead and zinc make the balance.
Poland's steel production sector is mostly driven by the main domestic consumers - the construction and the auto manufacturing industries, while exports, which go mainly to EU countries, are pressured by the financial turmoil in the eurozone. Poland is an important European steel producer, with steel giant ArcelorMittal, which accounts for about 70% of the central European country's steel output, running three active blast furnaces in Poland, while it has idled 9 of its total of 25 furnaces in Europe. Poland's crude steel output accounts for about 5% of EU's total production. It is the sixth biggest steel producer in the EU and the biggest in the region of Central and Eastern Europe (CEE).
The outlook for Poland's steel industry, however, is not rosy. The country's crude steel output rose 9.8% y/y to 8.8 million tonnes last year, driven by an 11% growth in domestic steel consumption, but production remained 11% below its pre-crisis level in 2008, while capacity utilisation stood at 68%. The growth rate slowed down from 12.1% in 2010 and this trend continued also in 2012 with crude steel output growing only 4.9% y/y in H1 in the wake of the economic slowdown and the eurozone debt crisis. The declining trend is expected to deepen further and Polish crude steel output is seen rising by about 2% in 2012 with domestic consumption seen growing by up to 3.5% in the bravest forecasts and stagnating in the more pessimistic projections, pressured by subdued manufacturing growth. However, the Polish steel industry is still recording the strongest growth rate in the EU.
Key Topics Covered:
Poland's economy at a glance
Overview of the metallurgical sector
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