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EUROFER - Latest news GMK Center

Photo – EUROFER and industriaALL call for a steel summit
EUROFER and industriaALL call for a steel summit

The meeting is to discuss urgent issues and an action plan for sustainable development

Photo – EUROFER insists on a European action plan for the steel industry
EUROFER insists on a European action plan for the steel industry

The industry association is calling for immediate action rather than incremental improvements

Photo – Steelmakers and trade unions insist on urgent protection of the EU steel industry
Steelmakers and trade unions insist on urgent protection of the EU steel industry

The plan should be published in the first 100 days of the new European Commission's work

Photo – Car production in the EU will decrease by 6.5% y/y in 2024 – EUROFER
Car production in the EU will decrease by 6.5% y/y in 2024 – EUROFER

In 2025, a moderate recovery in the sector is expected – by 1.9%

Photo – Construction in the EU will decline by 1.3% y/y in 2024 – EUROFER
Construction in the EU will decline by 1.3% y/y in 2024 – EUROFER

In 2025, recovery in the sector is expected – by 1.3%

Photo – EU increased steel exports to third countries by 6% y/y in January-July – EUROFER
EU increased steel exports to third countries by 6% y/y in January-July – EUROFER

Exports of rolled products increased by 7% y/y, including flat products by 8% y/y, and long products by 6% y/y

Photo – Pipe production in the EU to fall by 2% y/y in 2024 – EUROFER
Pipe production in the EU to fall by 2% y/y in 2024 – EUROFER

In 2025, a moderate recovery of the production activity of the industry is expected – by 0.8% y/y

Photo – EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y
EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y

Expectations regarding the growth of the indicator in 2025 have also been reduced to +3.8% y/y

Photo – EUROFER calls for urgent action to save European steel industry
EUROFER calls for urgent action to save European steel industry

The industry is experiencing its worst period since the financial and economic crisis of 2009

Photo – Global overcapacity requires immediate response – EUROFER
Global overcapacity requires immediate response – EUROFER

Complex trade measures are needed to solve the problem, the association believes

Photo – Europe needs immediate action for the steel industry – EUROFER
Europe needs immediate action for the steel industry – EUROFER

The association called for the implementation of the recommendations of Draghi's report on increasing the competitiveness of EU industry

Photo – EU steel industry urgently needs a clean industry agreement – EUROFER
EU steel industry urgently needs a clean industry agreement – EUROFER

Recent developments in the industry and supply chains are signs of a steady deterioration

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