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No-deal Brexit risks driving up insolvencies

Economic Note

  • United Kingdom
  • General economic

10th December 2018

The UK leaving the EU without a deal would be a major disruption, causing business insolvencies to be higher in the UK and EU27.

Goodbye NAFTA, hello USMCA

Economic Note

  • Canada,
  • Mexico,
  • General economic

3rd December 2018

The USMCA has finally been signed on November 30, easing short-term uncertainty surrounding North American trade.

Market Monitor Steel Metals Czech Republic 2018

Market Monitor

  • Czech Republic
  • Metals,
  • Steel

27th November 2018

The main potential downside risk for the industry is a deterioration in orders from main buyer industries, especially from the automotive sector.

Market Monitor Steel Metals Poland 2018

Market Monitor

  • Poland
  • Metals,
  • Steel

27th November 2018

Both payment delays and insolvencies could increase in 2019, especially if price and margin pressures rise and activity in the construction sector slows.

Market Monitor Steel Metals Spain 2018

Market Monitor

  • Spain
  • Metals,
  • Steel

27th November 2018

Competitiveness of the steel and metals industry remains negatively impacted by power costs, which are about 30%-50% higher than in France or Germany.

Market Monitor Steel Metals Netherlands 2018

Market Monitor

  • Netherlands
  • Metals,
  • Steel

27th November 2018

Despite ongoing price pressure the general outlook for the Dutch steel/metals sector is positive, and the impact of the US import tariffs is very limited.

Market Monitor Steel Metals France 2018

Market Monitor

  • France
  • Metals,
  • Steel

27th November 2018

Payment delays or rescheduling schemes are currently on an upward trend, as producers are facing cash pressure due to heavier working capital requirements.

Market Monitor Steel Metals Italy 2018

Market Monitor

  • Italy
  • Metals,
  • Steel

27th November 2018

Higher margin pressure as demand from the automotive sector is expected to decrease in the coming months, while demand from construction remains sluggish.

Market Monitor Steel Metals China 2018

Market Monitor

  • China
  • Metals,
  • Steel

27th November 2018

The number and amount of protracted payments and insolvencies remains high, and many private-owned steel and metals producers face serious troubles.

Market Monitor Steel Metals Canada 2018

Market Monitor

  • Canada
  • Metals,
  • Steel

27th November 2018

Payment delays and insolvencies will probably increase until the new USMCA trade agreement is ratified and the US import tariff issue is resolved.

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