Turning the corner - Global metals outlook
The future of global metals industry: Part one
2008 was a volatile year for the global metals industry. With plummeting commodities prices, frozen credit markets, and diminishing demand, many metals manufacturers are being forced to take drastic measures in order to survive. According to our latest thought leadership “Turning the corner: Global metals outlook”, radical cost restructuring is vital to industry recovery and leaner businesses will emerge. The first of a three-part report series offers perspectives on the impact of the economic downturn on the global metals industry and what to expect down the road.
Outlook at a glance:
- Global metals demand has dried up, prompting lay-offs, oven and furnace off-lining, and broken contracts
- A drop in supply, industry consolidation, and opportunities to buy bargain assets
- A need to drive out fixed costs throughout the entire organisation and consider restructuring
For more information, download our report Turning the corner - Global metals outlook (PDF, 855 KB).
Related news release:
Deloitte says radical cost restructuring vital to global metals recovery
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