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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, 25 June 2024 – The EU decision to continue the steel safeguard for another two-year period is a much-needed step towards ensuring the stability of the steel market amidst the highest levels of import penetration ever recorded in the EU. However, as global excess capacity is projected to increase even further in the coming years, a longer-term solution needs to be developed to address this structural challenge, says the European Steel Association.
Joint Statement
The existential threat posed by worsening non-market excess capacity cannot be ignored.