GLG Network Survey Tracker: Steel Industry IV

SURVEY DETAILS

TARGET POPULATION

GLG surveyed 40 current executives at European steel producers (UK, France, Italy, Spain, and Germany). This is the fourth iteration in this tracker series.

What will you learn from this survey?

• The survey provides an update on the steel industry, with wave-by-wave comparisons of the data from the previous waves, on various areas like costs, sales, profitability etc.
• Respondents also discussed the operational challenges that are currently being faced within the industry, including factors that limit production, idle capacities, inventory changes etc.
• Furthermore, the research covered topics such as current demand, pricing, contracting and regulatory trends.

Example of findings:

• Six-in-ten (60%) say steel companies will need limited assistance from government or international organization to manage low-carbon economy transition.
• Average fixed costs have remained stable, around 30% since 2020, meanwhile average variable costs have increased in recent years.
• Over eight-in-ten (83%) expect an increase in steel demand, while around half expect no changes in profitability (50%) and inventories/stocks of steel products (58%).

DELIVERABLES

The GLG Surveys team drafted the questionnaire with the support of GLG Network Member, James King, Independent Consultant and Economic Advisor to industrial metals and raw materials industries.

The standard deliverable includes:

• 1 x Individual responses (“raw data”) in Excel.
• 1 x PPT report with aggregated data.
• Executive summary with key takeaways and highlights from the raw data.

SAMPLE QUESTIONS

• Which of the following do you consider the major contributing factors which limit production?
• Over the next 12 months how do you expect the prices of key items in the costs of production to change?
• What impact does unfair trading practices from competitors (such as low prices from dumping of imports or non-tariff barriers) have on market access?
• In the next 5 years what impact do you expect from measures to reduce emissions of carbon dioxide?
• Over the next 12 months how do you expect demand for steel to trend?
• Which of the following do you believe best describes the stock/inventory situation of companies within your industry?
• How do you expect inventories/stocks of steel products to change over the next 12 months?

ACCESS

This survey is available to subscribers of the Energy and Industrials (EI) sector (Limited subscriptions and above). This offer includes the raw data file and a high-level presentation through PowerPoint. Please contact your GLG representative for details on your firm’s access.

DISCLAIMER:

Please be advised that GLG Network Surveys operate differently than traditional GLG consultations, surveys, teleconferences, etc. and it is advisable that you consult with your firm’s legal and/or compliance department to review your use of the product and the payment for such work under your current subscription. 

By downloading this document and/or participating in the Network Survey, you understand and agree that the information and material provided by GLG, including survey results and survey proposal information, is provided for your own insight and informational purposes only. You further acknowledge and agree that this is a Network Survey for multiple GLG clients, and the results will be provided to all GLG clients that agree to participate in the Network Survey and GLG clients that agree to purchase the Survey results in the future. All survey results do not constitute investment advice or a recommendation. In using this Survey, you agree to hold Gerson Lehrman Group and the Survey respondents harmless and free of all liability as a result of your use of this Network Survey, other than liability resulting from the gross negligence or wilful misconduct of the protected party. You otherwise agree to be bound by Gerson Lehrman Group’s Usage Policies in your interactions with Gerson Lehrman Group and your receipt of services. These Survey results are for are for client’s own use and client shall not redistribute, disseminate, publish, or display the same, in whole or in part, to any third parties or publicly without the prior written permission of Gerson Lehrman Group, except explicitly set forth in your agreement with GLG. This survey will be double-blinded to both client and respondent. GLG reserves the right to restrict the number of clients that can pre-commit access. These Network Surveys are priced outside of standard GLG subscriptions but at a substantially reduced price to commissioning a fully proprietary GLG Network Survey. Upon finding these terms acceptable, please send an affirmative confirmation via email, which GLG will file in its records. Once confirmed, please note that the Client’s agreement to purchase the Network Survey is a legally binding and irrevocable commitment. If the survey is not included within your subscription, GLG will invoice Client for the fees due for the Network Survey. Please note that some respondents may not be Network Members, and the Terms and Conditions of Network Membership would not apply to such respondents and detailed records for them will not be available aside from the information that GLG capture in the Network Survey.