30
Apr
13:39
Imports mirror EU consumption rebound, following consecutive declines
EU apparent steel consumption fell 9% on-year in 2023 to 126 million tonnes, compared to earlier projections of a 6.3% drop. This was despite fourth-quarter demand rising 2.8% on-year, following six consecutive quarters of decline, Eurofer points out.
The Ukraine war impact and high energy costs put steel demand into a downtrend since the second quarter of 2022. This deteriorated until Q4 2023 as a result of growing global economic uncertainty, high interest rates…
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Anonymous
Very good overview of the weekly steel market.
Anonymous