As every year, the publication of the EUROFER Annual Report is an opportunity to look back at the policy work conducted by the association in 2020, as well as to inspect the forthcoming priority work areas EUROFER will be facing in the coming years.
The EUROFER Annual Report can be downloaded below.
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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
The European Steel Association (EUROFER)
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Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
