European Demand of Steel may Improve in 2015

2015-04-01

According to European Steel Association, European steel exports and domestic demand are expected to improve this year, with activity in the steel intensive sectors rising by 2.2%.

With the exception of the automotive sector, according to Eurofer, most of the sectors saw their earlier prognosis downgraded slightly, which is set to increase by 3.8% in 2015. The association will see apparent steel consumption in the EU growing by around 2% to 149 million tons in 2015.

Finished steel imported into EU is estimated to have risen by 19% year-on-year in 2014 and it may continue to rise. It forecasts that deliveries from third-country exporters will rise on average 2% per year in 2015 and 2016.