The European Steel Association regularly monitors the economic conditions on the steel market, including apparent and real consumption, imports and exports, production levels and the performance of the main steel-using sectors.
The culmination of this ongoing work are the four quarterly Economic and Market Outlook reports, which contain the most recent available data that is publically disseminable. More information about when these are released can be found in the statistics publication calendar.
Annually, EUROFER also produces a European Steel in Figures guide, collating the most recent full yeat's worth of data. That can be found in the downloads and links block below.
Fourth quarter 2023 report. Data up to, and including, second quarter 2023
Brussels, 30 October 2023 – Collapsing demand resulting from high inflation and interest rates, exacerbated by conflicts and persistently elevated power prices, is clouding the steel market outlook for 2023. Recession in apparent steel consumption is expected to further deepen (-5.3%) this year, while the anticipated rebound (+7.6%) in 2024 faces geopolitical unpredictability and prolonged economic uncertainty. Imports, despite a declining trend in line with very weak demand, continue to maintain their market share (28%) above historical levels.
Third quarter 2023 report. Data up to, and including, first quarter 2023