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European Steel in Figures 2021
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European Steel in Figures 2020 is the European Steel Association’s (EUROFER) statistical guide. It shows a sector that has experienced a challenging year in 2020, with employment levels having fallen and demand collapsing, largely as a result of the COVID-19 outbreak. In 2020, imports fell further, continuing the trend seen in 2019 but again, largely due to the drop in domestic demand brought on by the pandemic.
This new European Steel in Figures 2021 guide updates the trade map, showing imports and exports from the EU in an easy-to-understand way, breaking down previously hard to read figures. Additionally, the sustainability section of the guide has been updated with the latest 2020 data, now including refreshed information on slag production by the steel industry and its use by other downstream sectors.
All these statistics help give an overview of the European steel industry today. Awareness of the employment, production, demand and trade challenges that face the sector ensure a greater understanding of our strategically important sector. With this in mind, I hope you enjoy using European Steel in Figures 2021.
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Brussels, 03 May 2023 – The year 2022 came to a close with a sharper-than-anticipated recession in apparent steel consumption (-7.2%) as steel demand shrank significantly, due to the energy crisis and the impact of the war in Ukraine. Although the worst seems to be over after the fourth quarter of 2022, apparent steel consumption is still projected to be negative (-1%) in 2023, before rebounding in 2024 (+5.4%). However, high uncertainty continues to cast a shadow on the outlook for 2023, which remains bleak. Although steel imports have decreased in tandem with demand, their market share is still historically high (23.4%).
Second quarter 2023 report. Data up to, and including, fourth quarter 2022
Joint industry statement