Table of Contents
Executive Summary ........................................................................................................................................ 5
SWOT Analysis ................................................................................................................................................ 6
Taiwan Political SWOT ........................................................................................................................................................................................ 6
Taiwan Economic SWOT ...................................................................................................................................................................................... 7
Taiwan Business Environment SWOT ................................................................................................................................................................... 8
Global Market Overview.................................................................................................................................. 9
Steel To Average US$580/Tonne In 2011 ............................................................................................................................................................. 9
Table: BMI’s Steel Forecasts ................................................................................................................................................................................ 9
Table: Steel Prices (US$m/t) ............................................................................................................................................................................... 10
Commodities Forecast .................................................................................................................................. 15
Commodity Strategy – Metals Update ...................................................................................................................................................................... 15
Aluminium........................................................................................................................................................................................................... 15
Copper ................................................................................................................................................................................................................ 15
Lead .................................................................................................................................................................................................................... 16
Nickel .................................................................................................................................................................................................................. 17
Tin....................................................................................................................................................................................................................... 18
Zinc ..................................................................................................................................................................................................................... 18
Gold .................................................................................................................................................................................................................... 19
Regional Overview ........................................................................................................................................ 21
Table: Top 10 Asian Steel Producers, 2009 ........................................................................................................................................................ 21
Forecast Scenario ......................................................................................................................................... 25
Table: Taiwan’s Metals Industry (‘000 tonnes unless stated), 2008-2015 ........................................................................................................... 27
Macroeconomic Outlook ..................................................................................................................................................................................... 28
Table: Taiwan – Economic Activity, 2008-2015 ................................................................................................................................................. 30
Competitive Landscape ................................................................................................................................ 31
Steel .................................................................................................................................................................................................................... 31
Aluminium........................................................................................................................................................................................................... 32
Company Profiles .......................................................................................................................................... 34
China Steel Corporation (CSC) .......................................................................................................................................................................... 34
Chung Hung Steel ............................................................................................................................................................................................... 35
Global Assumptions Q2 2011 ....................................................................................................................... 36
Table: Global Assumptions, 2009-2015 .............................................................................................................................................................. 36
Table: Regional Real GDP Growth, 2010-2013 (% change y-o-y) ...................................................................................................................... 37
Table: Selected Exchange Rates, 2010-2013 (average) ...................................................................................................................................... 37
Developed States ................................................................................................................................................................................................. 38
Table: Developed States’ GDP Growth, 2010-2013 (% change y-o-y) ................................................................................................................ 39
Emerging Markets .............................................................................................................................................................................................. 39
Table: Emerging Market’s GDP Growth, 2010-2013 (% change y-o-y) .............................................................................................................. 40
Consensus Forecasts........................................................................................................................................................................................... 41
Table: Consensus Forecasts, 2011 And 2012 ..................................................................................................................................................... 41
BMI Methodology .......................................................................................................................................... 42
How We Generate Our Industry Forecasts ......................................................................................................................................................... 42
Petrochemicals Industry ..................................................................................................................................................................................... 42
Cross Checks ...................................................................................................................................................................................................... 43
Country Snapshot: Taiwan Demographic Data ........................................................................................... 44
Section 1: Population .......................................................................................................................................................................................... 44
Table: Demographic Indicators, 2000-2030 ....................................................................................................................................................... 44
Section 2: Labour Market and Spending Power.................................................................................................................................................. 45
Table: Employment Indicators, 2000-2005 ......................................................................................................................................................... 45
Table: Consumer Expenditure, 2000-2005 (US$) ............................................................................................................................................... 45
Table: Average Annual Manufacturing Wages, 2005-2012 ................................................................................................................................ 45
SWOT Analysis ................................................................................................................................................ 6
Taiwan Political SWOT ........................................................................................................................................................................................ 6
Taiwan Economic SWOT ...................................................................................................................................................................................... 7
Taiwan Business Environment SWOT ................................................................................................................................................................... 8
Global Market Overview.................................................................................................................................. 9
Steel To Average US$580/Tonne In 2011 ............................................................................................................................................................. 9
Table: BMI’s Steel Forecasts ................................................................................................................................................................................ 9
Table: Steel Prices (US$m/t) ............................................................................................................................................................................... 10
Commodities Forecast .................................................................................................................................. 15
Commodity Strategy – Metals Update ...................................................................................................................................................................... 15
Aluminium........................................................................................................................................................................................................... 15
Copper ................................................................................................................................................................................................................ 15
Lead .................................................................................................................................................................................................................... 16
Nickel .................................................................................................................................................................................................................. 17
Tin....................................................................................................................................................................................................................... 18
Zinc ..................................................................................................................................................................................................................... 18
Gold .................................................................................................................................................................................................................... 19
Regional Overview ........................................................................................................................................ 21
Table: Top 10 Asian Steel Producers, 2009 ........................................................................................................................................................ 21
Forecast Scenario ......................................................................................................................................... 25
Table: Taiwan’s Metals Industry (‘000 tonnes unless stated), 2008-2015 ........................................................................................................... 27
Macroeconomic Outlook ..................................................................................................................................................................................... 28
Table: Taiwan – Economic Activity, 2008-2015 ................................................................................................................................................. 30
Competitive Landscape ................................................................................................................................ 31
Steel .................................................................................................................................................................................................................... 31
Aluminium........................................................................................................................................................................................................... 32
Company Profiles .......................................................................................................................................... 34
China Steel Corporation (CSC) .......................................................................................................................................................................... 34
Chung Hung Steel ............................................................................................................................................................................................... 35
Global Assumptions Q2 2011 ....................................................................................................................... 36
Table: Global Assumptions, 2009-2015 .............................................................................................................................................................. 36
Table: Regional Real GDP Growth, 2010-2013 (% change y-o-y) ...................................................................................................................... 37
Table: Selected Exchange Rates, 2010-2013 (average) ...................................................................................................................................... 37
Developed States ................................................................................................................................................................................................. 38
Table: Developed States’ GDP Growth, 2010-2013 (% change y-o-y) ................................................................................................................ 39
Emerging Markets .............................................................................................................................................................................................. 39
Table: Emerging Market’s GDP Growth, 2010-2013 (% change y-o-y) .............................................................................................................. 40
Consensus Forecasts........................................................................................................................................................................................... 41
Table: Consensus Forecasts, 2011 And 2012 ..................................................................................................................................................... 41
BMI Methodology .......................................................................................................................................... 42
How We Generate Our Industry Forecasts ......................................................................................................................................................... 42
Petrochemicals Industry ..................................................................................................................................................................................... 42
Cross Checks ...................................................................................................................................................................................................... 43
Country Snapshot: Taiwan Demographic Data ........................................................................................... 44
Section 1: Population .......................................................................................................................................................................................... 44
Table: Demographic Indicators, 2000-2030 ....................................................................................................................................................... 44
Section 2: Labour Market and Spending Power.................................................................................................................................................. 45
Table: Employment Indicators, 2000-2005 ......................................................................................................................................................... 45
Table: Consumer Expenditure, 2000-2005 (US$) ............................................................................................................................................... 45
Table: Average Annual Manufacturing Wages, 2005-2012 ................................................................................................................................ 45
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