05
May
10:14
Eurofer slashes outlook for European steel consumption
Steelmakers’ association Eurofer has drastically cut its forecast for EU steel demand growth due to soaring energy prices, ongoing global supply chain disruption and the Ukraine war shock.
Apparent steel demand is now seen contracting 1.9% year-on-year in 2022, after a 15.2% y-o-y jump in 2021. In its previous forecast issued in February, before the Russian invasion of Ukraine, Eurofer projected a 3.2% demand growth this year.
The biggest fall in demand sho…
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Anonymous
Very good overview of the weekly steel market.
Anonymous