As every year, the publication of the EUROFER Annual Report is an opportunity to recap the policy work conducted by the association throughout 2021, as well as to inspect the forthcoming priority work areas EUROFER will be facing in the next months.
EUROFER will continue to push for strengthened carbon leakage protection, together with faster access to affordable and alternative energy. Another strategic priority is to ensure access to scrap, and avoiding its export to third countries with lower environmental and social standards.
The European steel industry is committed to overcoming all these challenges, while reaffirming its strategic importance for the EU and its crucial role in tackling climate change.
We hope you find the EUROFER Annual Report 2022 an interesting and useful read.
The full report is available 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