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09 May
14:07

EU steel-using output slows, acceleration in 2024: Eurofer

EU steel-using sectors’ output growth is expected to slow to 0.3% on-year in 2023, following 3.1% growth in 2022, but will then accelerate to 2.3% in 2024, according to Eurofer. Construction and tubes will be the major drags this year, with automotive the only bright spot. The main drop in output this year is anticipated in the second quarter. The projection is nevertheless an improvement on the 0.6% output decline forecast for 2023 in the previous outlook, …
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