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EU steel consumption

Author: Posttime:2013-07-22 17:14:03

According to the European Steel Association (Eurofer), apparent steel consumption in the EU fell by 7.3% year-on-year in the 1q13. Although Eurofer expect modest positive growth to resume in the 4q13, this will not prevent this year’s annual total of 137 Mt from being down 3% on 2012. For 2014, the Association are predicting that EU apparent steel consumption will edge up to 140 Mt implying another weak year for European iron ore imports. Consumption is forecast to drop by 3.1% this year before rising 1.8% in 2014.

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