Fast Market Research recommends "Egypt Metals Report Q3 2013" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 07/02/2013 -- We forecast modest growth in the Egyptian steel sector over the coming years, in line with our outlook for the wider economy. We examine the influence of the weak Egyptian pound on the sector and whether depreciation is sufficient to compete in an over-supplied regional market. We also evaluate the promise of expansion in primary aluminium smelting, with Egyptalum seeking to expand production to 400,000 tonnes per annum (tpa). This report also analyses trends in export markets, particularly in relation to the surge in steelmaking in the Arabian Gulf region.
We remain positive on the effects of Egypt's transition towards a democratic government, as investors will begin to look more favourably towards the country as a potential market to work with. We have seen these positive effects on the country are already beginning to show. For 2013, BMI forecasts steady Egyptian steel production growth on the back of greater investment in expanding production capacity and more stability in the country following the 2012 presidential elections, as well as greater investment pouring in from Gulf countries looking diversify their regional portfolios.
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