The outlook for Spain’s metals sector is bleak, with little opportunities for growth in either production or consumption until beyond 2017. The effects of the eurozone crisis and domestic recession on the steel industry means the sector will witness a protracted downturn that could permanently affect the industry’s structure. Recovery in the Spanish steel industry will largely depend on growth in exports of manufactured goods. Germany has been the chief target for Spanish steel exports, but the decline in the performance of the German manufacturing sector from mid-2011 is having a deleterious effect on export performance. ArcelorMittal was evaluating the …
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