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Annual Report 2020
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The European Steel Association's (EUROFER) Annual Report 2020 has just been released and is now available on the EUROFER website.
Annual Report 2020 looks back at the work the association has been doing over the past year, and explores the state of play in EUROFER's key policy fields, including in international trade, environment, climate & energy, transport and social affairs.
Brussels, 16 May 2024 – The initiation of a new anti-dumping investigation on imports of tinplated steel products from China announced today by the European Commission is an important step towards restoring a level playing field for the EU producers, says the European Steel Association welcoming the opening of the procedure.
Brussels, 07 May 2024 – The European Commission has today published two Regulations extending the anti-dumping and countervailing measures in force on imports of stainless steel cold-rolled flat products (SSCR) originating in Indonesia to imports of SSCR from Taiwan, Turkey and Vietnam. EUROFER welcomes the extension of the duties and the introduction of import requirements connected to strict monitoring of imports.
The outlook for the European steel market in 2024 continues to lose momentum amidst persisting challenging conditions. Downside factors such as worsening geopolitical tensions, coupled with growing economic uncertainty, energy prices, inflation, interest rates have further impacted demand prospects. According to EUROFER’s latest Economic and Steel Market Outlook, these challenges have exacerbated the negative effects on apparent steel consumption, resulting in a more severe downturn in 2023 than previously projected (-9%, instead of -6.3%) and weaker growth in 2024 (+3.2%, instead of +5.6%). Output in steel-using sectors, despite showing more resilience than expected in the past year (+1.1%), is now set to decline (-1%). Imports are once again on the rise (+11% in the last quarter of 2023), capturing a staggering 27% market share throughout 2023.