EUROFER - Latest news GMK Center

Despite weak demand for housing, the sector is supported by public investment and NextGenerationEU programs

The decline affected both flat and long products, with the largest drop in the rebar segment

Despite the decline, imports hold 25% of the market and put pressure on European producers

At the same time, apparent consumption grew by 2.2% y/y

Despite the efforts of the European Commission, 50% tariffs on steel remain in place and threaten exports and production in the EU

US tariffs of 50% on steel imports are devastating for the European steel industry

Low consumer confidence, US tariffs and instability hamper the sector's recovery

Despite public investment and cheaper loans, the EU housing market is not yet ready for growth

The share of imports in EU steel consumption remains at historic levels despite declining supplies

EU steel demand has been falling since 2022, and the forecast for 2025 has been revised downward again

The European Commission should quickly introduce new barriers to save the steel market from collapse

The industry association has proposed a list of tools to avoid loopholes