Market Monitor Stålindustrien Spanien 2017

Market Monitor

  • Spanien
  • Metal,
  • Stål

14 Nov 2017

Til trods for stigende produktionsniveau i 2017, så er den spanske stål- og metalindustris konkurrenceevne negativt påvirket af høje energiudgifter.

  • According to the World Steel Association, Spanish steel production decreased 8% year-on-year in 2016, to 13.7 million tons, while exports decreased 3%. This setback after years of sustained recovery was mainly due to lower global demand, strong competition from China and lower sales prices. Domestic steel consumption also decreased in 2016 (down 1.3%).
  • However, with increasing sales prices and higher demand since H2 of 2016, especially from the automotive sector, Spanish steel production rose again in 2017, by 2.2% year-on-year between January and August 2017. Profit margins recovered in H2 of 2016 and in H1 of 2017, and are expected to remain stable in the coming months as steel and metals prices are not forecast to decrease for the time being.
  • The competitiveness of the domestic steel and metals industry is negatively impacted by power costs, which are among the highest in the EU. This is of major importance for the sector, given that 75% of Spanish steel producers work with electric furnaces.
  • Both payment delays and insolvencies have remained stable in 2016 and H1 of 2017, and are expected not to increase in the coming months. Our underwriting stance for the steel sector remains neutral to cautious, while we are more open for businesses in the non-ferrous metals segment.

 

Relaterede dokumenter

Ansvarsfraskrivelse

Oplysningerne heri er udelukkende informative og må ikke bruges til andre formål. Se venligst den aktuelle police eller den relevante produkt- eller serviceaftale for de gældende betingelser. Intet heri medfører nogen rettighed, forpligtelse eller ansvar på vegne af Atradius, herunder enhver forpligtelse til at foretage due diligence af købere eller på dine vegne. Hvis Atradius foretager en due diligence vedr. en køber, er det for egne forsikringstekniske formål og ikke til fordel for den forsikrede eller nogen anden person. Ydermere må Atradius eller dets tilknyttede virksomheder eller datterselskaber ikke på noget tidspunkt være ansvarlig for direkte, indirekte, konkret dokumenterede tab eller følgetab, der måtte opstå som følge af brugen af udtalelserne i denne information