Australia Metals Industry Update Quarter 3 2012
$ 1 088
- May 2013
- by Business Monitor International
- 61
Includes 3 FREE quarterly updates
BMI View: Across all types of metals, we expect subdued growth in both production and consumption in
Australia as a weakening global economic outlook, notably China, continue to take its toll on Australia's
commodity driven economy. While significant additional global monetary stimulus should help to boost
metal prices in the near term, the bout of loosening measures will be insufficient to stem the slowdown and
the medium-term outlook for metals remain weak.
The slowdown in the metals industry in Australia is best exemplified by monthly crude steel production,
which has continued to slide into negative territory following growth in 2010. Weak demand from slowing
domestic construction and a cooling export market will continue to undermine Australia's steel industry in
2013. Crude steel production contracted by 6.5% in 2012, but we forecast an uptick in growth of 1.2% in
2013, and national production is unlikely to approach pre-crisis levels for many years. The country's two
dominant steel producers, BlueScope Steel Ltd and Arrium Ltd (previously known as OneSteel Ltd), has
embarked on a series of consolidation plans and restructuring programmes aimed at reducing operating
costs and curbing overcapacity amid an environment of weak demand and declining steel prices.
BMI Industry View 7
SWOT 9
Metals SWOT 9
Industry Forecast 10
Steel: Construction Slowdown To Dominate 10
Table: Australia - Steel Production And Consumption ('000 tonnes, unless stated otherwise) 15
Table: Table: Australia - Steel Production, 2003-2010('000 tonnes, unless stated otherwise) 15
Aluminium: Slow Growth To 2017 16
Table: Australia - Refined Aluminium Production And Consumption ('000 tonnes, unless stated otherwise) 20
Nickel: Future Lies In Queensland Nickel's Hands 21
Table: Table: Australia - Refined Nickel Production And Consumption ('000 tonnes) 24
Zinc: Output Growth Heading Towards Negative Territory 24
Table: Australia - Refined Zinc Production And Consumption ('000 tonnes, unless stated otherwise) 27
Regulatory Development 29
Tax Regime 29
Table: Political Overview 30
Commodities Forecast 31
Steel Price Forecast 31
Table: BMI Steel Forecast 31
Table: Steel Forecast 37
Monthly Metals Update 38
Iron Ore 39
Steel 41
Copper 43
Aluminium 44
Lead 45
Nickel 45
Tin 46
Zinc 47
Table: BMI Commodity Strategy 47
Table: Select Metals - Performance And BMI Forecasts 48
Competitive Landscape 49
Table: Australia - Largest Listed Metal Producers 50
Company Profile 52
Arrium 52
Table: Arrium Ltd - Financial Data 55
Rio Tinto 56
Company Overview 58
Company Strategy 59
Table: Rio Tinto - Key Financial Data 60
Steel in Australia
- $ 250
- Industry data
- February 2013
Yearly, From 1996 To 2017
By Business Monitor International
Source: BMI calculation
- Industries : Metal Mining
- Countries : Australia
- $ 250
- Industry data
- February 2013
Yearly, From 1996 To 2017
By Business Monitor International
Source: BMI calculation
- Industries : Metal Mining
- Countries : Australia
- $ 250
- Industry data
- February 2013
Yearly, From 1995 To 2017
By Business Monitor International
Source: UNCTAD
- Industries : Metal Mining
- Countries : Australia
- $ 250
- Industry data
- February 2013
Yearly, From 1995 To 2017
By Business Monitor International
Source: UNCTAD
- Industries : Metal Mining
- Countries : Australia
- $ 250
- Industry data
- February 2013
Yearly, From 1990 To 2017
By Business Monitor International
Source: World Steel Association
- Industries : Metal Mining
- Countries : Australia
Metal Mining in Australia
- $ 250
- Industry data
- February 2013
Yearly, From 1990 To 2017
By Business Monitor International
Source: World Bank/UN/BMI Calculation
- Industries : Metal Mining
- Countries : Australia