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“The overall market situation of the steel sector in Europe is relatively positive”

Published: - 18/06/2018 Author: Di Maggio, EIC
“The overall market situation of the steel sector in Europe is relatively positive”

According to Eurofer, the European Steel Association, that recently released its annual European Steel in Figures guide, the overall market situation of the steel sector in Europe is relatively positive. Apparent consumption was up 1.3% in 2017 to 159 million tonnes. Indexed steel use in construction was up by 4.8%, in automotive by 3.7%, in mechanical engineering by 6% and by just over 7% in tubes.

The document shows a sector getting back onto a more stable footing, with employment and production levels stable or rising. Imports stalled slightly in 2017 after years of relentless growth.

The steel sector is still strategically important, with as many as 2.5 million people that work in and around the industry and a total value of turnover over €123 billion.

Click here to download European Steel in Figures 2018 >>

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