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01 Nov
12:21

EU end-use activity to stutter till mid-2023: Eurofer

EU steel-consuming sector output is expected to contract by 0.9% on-year in 2023 as the economic deterioration seen since summer spills over into the first half of next year, says Eurofer. The economic and industrial outlook is expected to improve only from the second quarter of 2023 onwards. This would be the second Steel Weighted Industrial Production (SWIP) recession since 2013, after the one due to the pandemic in 2020, while output was flat in 2019,…
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