02
Feb
13:48
Eurofer lowers consumption growth forecast after Q3 low
EU apparent steel consumption (ASC) is forecast to see a deeper-than-expected drop of 4.6% on-year for 2022, compared to the previous 3.5% fall projection. Consumption in 2023 is expected to decline a further 1.6%, says European steelmakers’ association Eurofer.
Despite the general resilience of the EU economy, in the third quarter of 2022 apparent steel consumption reached its lowest level since the Covid pandemic, down 11% on-year to 32.2 million tonnes.
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Anonymous
Very good overview of the weekly steel market.
Anonymous