29
Aug
08:07
Eurofer confirms gloomy outlook, slightly raises demand forecast
Eurofer issued last week its latest quarterly economic outlook, confirming that the European steel industry is going through a year of decline versus 2021.
For 2022, Eurofer now expects apparent steel demand to fall 1.7% year-on-year to 147 million tonnes. The previous forecast in May was for a 1.9% drop. In 2023 apparent steel demand should bounce back by over 5% y-o-y, Eurofer explains.
For real consumption of steel in Europe, the latest outlook indicates it sh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous