Metals: A Global Outlook
San Jose, California (PRWEB) February 02, 2012
Follow us on LinkedIn – The world metals market stabilized in 2010 and 2011 following a steep decline in 2008 and 2009 due to global financial crisis. The decline during the economic recession was significantly higher in developed economies including the US and Europe, while in developing economies the impact was relatively lesser. Going forward, the metals sector is likely to expand steered by the continued growth in metal consumption in developing countries including India, China and Brazil is expected to fuel the overall global metal market. Asia-Pacific represents the largest as well as fastest growing market for Metals in the world. Europe represents the second largest market for metals in the world.
The impact of economic crisis was strong on the world aluminum sector. However, the industry picked up momentum driven by growing demand for the metal in developing Asian economies. Subsequent to the financial crisis, aluminum is seen gaining prominence as a commodity in the recovering construction and transportation sectors. The noticeable recovery in transportation sector, the largest end-user of aluminum, yielded effective results for the world aluminum sector. In addition, high level of activity in infrastructure development in BRIC countries augmented the sector’s prospects.
Investments are flooding the global iron ore industry due to rising ore prices, but in the long-run the industry would witness oversupplies of ore. Although this would fulfill the global demand for ore, the prices would fall due to oversupply. Any cancellation or delays in completion of the projects is expected to impact prices, broadly stabilizing the scenario. For the worldwide steel sector, the path has been a roller coaster since the onset of world financial crisis. Aggregate demand for steel from the major end-user sectors including automotive, infrastructure, and construction contracted significantly in 2008 and 2009. The sector, following the sharp drop in 2009, demonstrated a steady recovery in demand, production, and the re-stocking period in the year 2010. Economic uncertainty continues to bother the steel sector, especially in the US and European markets. The steel traders and distributors are maintaining lean inventory to protect themselves from any impact of further recession.
The research report titled “Metals: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global metals sector, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include US, Canada, Japan, France, Germany, Italy, The United Kingdom, Russia, Asia-Pacific, Australia, China, Indonesia, India, Brazil and The Middle East among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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