EUROFER

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Demand for steel in the European Union will grow by 0.3% in 2023 – EUROFER

The growth of consumption will be ensured by the automotive and machine-building sectors

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The volume of construction in the EU in 2022 increased by 4.8% y/y

EUROFER expects this figure to decrease by 1.6% in 2023

ANNOUNCEMENT: KALLANISH EUROPE STEEL MARKETS 2023

In 2022, global steel production decreased by 4% due to geopolitical challenges, the war in Ukraine and the energy crisis

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The European Union reduced steel imports by 5% y/y in 2022

The supply of flat rolled products to the EU decreased by 9% y/y for the year, and long products – increased by 11% y/y

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The European Union reduced steel exports by 14% y/y in 2022

Shipments of flat rolled products from the EU decreased by 10% y/y, and of long products – by 22% y/y

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Consumption of steel products in the EU in 2022 fell by 7.2% – EUROFER

Apparent steel consumption expected to fall 1% in 2023

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EUROFER supports the strengthening of sanctions against the export of Russian iron and steel products

Due to the war, Europe lost about 20 million tons of steel from Ukraine

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The production of pipes in the European Union in 2022 will grow by 1.9% y/y – EUROFER

According to the association's forecasts, in 2023 the production of pipes in the EU will decrease by 1.9% y/y

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Consumption of steel products in the EU will decrease by 1.6% in 2023 – EUROFER

The association predicts that the negative trends of last year will continue to influence in 2023

The EU should stimulate green investments in Europe — EUROFER

The gap in the cost of steel production between the EU and the US may increase to 60%

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EUROFER calls on the European Union to include scrap in the list of critical raw materials

A high rate of raw material exports risks jeopardizing both Europe's strategic autonomy and its climate goals

Adolfo Aiello: CBAM should motivate non-EU steel producers to decarbonise

EUROFER Deputy Director General Climate and Energy about the deal on the Carbon Border Adjustment Mechanism and review the Emissions Trading System in EU

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