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29 Mar
11:18

European economic slowdown seen hitting Czech steelmakers

Czech and Slovak steel association Steel Union expects slowing economic growth in Europe to impact Czech steelmakers in the next two years. Czech mills produced 10% more crude steel on-year in 2018 at 5 million tonnes, and the country produced over 500,000t of pipe, the same tonnage as much larger France. Domestic steel consumption reached 7.2mt. Exports grew 6% last year to 4.9mt, with their value reaching a record CZK 108 billion ($4.7 billion) thanks to a …
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