Brazil Metals Report Q4 2012

Growth For Global Games, But Challenges Remain
Metal consumption growth in Brazil will be driven by the construction sector in the coming years as
infrastructure spending is ramped up. In particular, we highlight preparations to host the 2014 FIFA
World Cup and the 2016 Olympic Games in Rio de Janeiro. We forecast steel consumption growth of
1.0% in 2012, before a pickup in subsequent years. Annual growth should average 5.6% over the 2012-
2016 period, buoyed by healthy infrastructure spending. We forecast infrastructure industry value to grow
by an average of 6.8% over the same period.
Production growth will disappoint previous years’ ambitious expectations, as weak margins will continue
to force a rationalisation of the sector. This trend is illustrated by ThyssenKrupp, Germany’s biggest
steelmaker, considering wooing suitors for its loss-making steel mills in Brazil.
Turning to the aluminium sector, energy costs account for nearly 35% of total production costs in Brazil.
This is relatively high when compared with global standards. This has led to production declines over the
past few years and even talks of facility closures by the major aluminium producers in the country.
However, the Brazilian government is currently considering power sector reforms that should be able to
address these concerns.

Brazil Metals Report Q4 2012

Executive Summary . 5
SWOT Analysis .... 6
Brazil Business Environment SWOT 6
Industry Forecasts ... 7
Steel: Infrastructure Boost 7
Table: Brazil - Steel Production & Consumption ('000 tonnes, unless stated otherwise) .... 10
Table: Brazil - Steel Industry Historical Data ('000 tonnes, unless stated otherwise) .... 10
Aluminium: Government To Address Energy Woes 11
Table: Brazil - Aluminium Consumption & Production ... 14
Macroeconomic Outlook . 15
Downgrading Growth, Story Remains The Same .... 15
Table: Brazil - Economic Activity . 17
Regulatory Development .. 18
Commodities Forecast 19
Steel Price Forecast - Steel To Average US$360/tonne In 2013 .. 19
Table: Steel Forecast . 19
Table: Global Steel Forecasts ... 25
Commodity Strategy - Monthly Metals Update.. 25
Table: Select Commodities - Performance & BMI Forecasts . 39
Competitive Landscape ... 40
Table: Brazilian Aluminium Smelters . 41
Company Profiles ... 43
Alcoa . 43
Financial Data . 46
Table: Alcoa - Financial Data . 46
ArcelorMittal ... 47
Table: ArcelorMittal - Key Financial Data .. 50
Vale ... 51
Company Data . 54
Table: Vale - Financial Data ... 54
BMI Methodology ... 55
How We Generate Our Industry Forecasts ... 55Table: Brazil - Steel Production & Consumption (' tonnes, unless stated otherwise)
Table: Brazil - Steel Industry Historical Data (' tonnes, unless stated otherwise)
Table: Brazil - Aluminium Consumption & Production
Table: Brazil - Economic Activity
Table: Steel Forecast
Table: Global Steel Forecasts
Table: Select Commodities - Performance & BMI Forecasts
Table: Brazilian Aluminium Smelters
Table: Alcoa - Financial Data
Table: ArcelorMittal - Key Financial Data
Table: Vale - Financial Data

• Importance of Educational Books Publishing
  Education plays a crucial role in overall development of a person and the entire society. Students across the globe and various educational levels depend on study material. Whether they are textbooks, reference books or workbooks, they are in a constant need for systematic educational books. Educational book publishing is a versatile crucial branch of book [...]
• How to Treat Arthritis Effectively ?
  The word arthritis stands for inflammation of joints. It is an umbrella term for over 100 diseases that cause pain, discomfort, disability and several other symptoms amongst individuals. Osteoarthritis is one of the most common types of arthritis, which affects elderly. Several other forms of this disease may affect individuals at a very young age [...]
• Benefits of Set top Boxes Amidst the Wave of Digitization
  A set top unit or box is a useful device that provides content through television sets. Set top box is a term that refers to a device, which is used for broadcasting the content. It is different from the devices that help simple recording of media, such as DVDs. Cable operators and satellite companies provide [...]
• What are the Treatments for Alzheimer’s Disease ?
  Alzheimer’s disease is one of the most common types of dementia. Dementia is the condition defined by significant loss of global cognitive ability in a healthy person. This loss is beyond the normal aging process and it only worsens with the age. Alzheimer’s disease is a serious mental health condition and a progressive brain disease [...]
• Book Publishing Process- A Brief Overview
  Publishing is the process of making certain information available for the public. Many a times, authors have their own publication house or they prefer publishing their books on their own. However, those who are not aware of the media that delivers their content find the book publishing process daunting. Contrary to this belief, book-publishing process [...]

• Italy Healthcare Industry Regulatory and Reimbursement Landscape

The Italian Pharmaceutical Market has Declined in Value Terms Due to the Introduction of Price Cuts and Increasing Focus on the Usage of Generic Drugs in Order to Rein in Ballooning Healthcare Expenditure   The pharmaceutical market (at the consumer …

• Men’s Health & Midlife Women Consumer Market Research Reports

RnRMarketResearch.com offers new market research reports on masculinity Vs health and midlife women embracing power and avoiding invisibility in global consumer markets.   “Masculinity Vs Health: Challenges and Opportunities” and “Midlife Women: Embracing Power and Avoiding Invisibility in Global Consumer …

• France Healthcare Market Regulatory and Reimbursement Landscape

France has a Mature Healthcare Market as it Offers Universal Public Access to Healthcare Facilities and Insurance. The Increasing Disease Burden and the Launch of New Products will Drive the Growth of the Pharmaceutical Market; however, Increasing Focus on Generics …

• Lebanon Cards and Payments Industry Worth 2.4 Million Cards By 2017

Between 2008 and 2012, Lebanon’s cards industry recorded a CAGR of 4.89% in terms of volume and the total number of cards increased from 1.6 million to 2.0 million. The industry has been forecasted to grow at a CAGR of …

• Egypt Cards and Payments Industry Worth 21.3 Million Cards By 2017

Egypt’s card industry witnessed strong growth between 2008 and 2012 recording an impressive CAGR of 14.07% rising from 9.1 million cards to 15.4 million. The industry is forecast to grow at a CAGR of 6.48% between 2013 and 2017, from …

Czech Republic Metals Report Q3 2013

"......e manufacturing, which fell by 10.4% y-o-y and contributed 1.9% to the fall in industrial production. The manufacture of basic metals meanwhile decreased by 12.2% in February and contributed 0.3% to the decline in industrial production. This trend su......"

Japan Metals Report Q3 2013

"......on. However, we expect demand and supply of metals to pick up as reconstruction efforts continue. Steel and aluminium are the two sectors most likely to benefit as much of Japan's infrastructure around the epicentre of the earthquake has been damaged......"

Australia Metals Report Q3 2013

"......o 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 cru......"

Austria Metals Report Q3 2013

"......e eurozone, particularly the German market, on Austrian exports. The performance of Austria's steel industry deteriorated in the first 10 months of 2012 when crude output declined 3.8% y-o-y to 6.23mnt. However, output finally bounced back in the las......"

Belgium Metals Report Q3 2013

"......leading to overcapacity. Pessimism surrounding future levels of demand across Europe has led to led to cut-backs being made by a number of the country's major steel producers including ArcelorMittal and Duferco. ArcellorMittal has pledged to keep ......"