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European Steel in Figures 2022
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European Steel in Figures 2022 is the fourteenth edition of the European Steel Association’s (EUROFER) statistical guide, which covers data up to 2021.
It is the first edition that takes fully into account the departure of the United Kingdom from the EU and its internal market. From now on, all aggregated data for the EU refer exclusively to EU27, and historical datasets have been adapted accordingly.
The numbers presented in the 2022 edition identify the main trends of the past year through data, and reflect both the new reality post Brexit and the consequences of the pandemic. In particular, they show the strong rebound experienced in the aftermath of restrictive COVID measures and the progressive slowdown of the recovery due to increasing supply chain disruptions, soaring energy prices and shortages of raw materials occurred in the second half of 2021.
We hope that our statistics will be of use for those working within and with the steel industry. We also hope that they can help guiding policymakers both at EU and national level in making the right choices when it comes to political decisions impacting the industry, such as climate, energy and trade policies.
We wish you a fruitful utilisation of European Steel in Figures 2022.
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Brussels, 12 November 2024 - Ahead of Commissioner-Designate Séjourné’s hearing in the European Parliament, European steel social partners, supported by cross-party MEPs, jointly call for an EU Steel Action Plan to restore steel’s competitiveness, and save its green transition as well as steelworkers’ jobs across Europe.
Brussels, 29 October 2024 – The European steel market faces an increasingly challenging outlook, driven by a combination of low steel demand, a downturn in steel-using sectors, and persistently high import shares. These factors, combined with a weak overall economic forecast, rising geopolitical tensions, and higher energy costs for the EU compared to other major economic regions, are further deepening the downward trend observed in recent quarters. According to EUROFER’s latest Economic and Steel Market Outlook, apparent steel consumption will not recover in 2024 as previously projected (+1.4%) but is instead expected to experience another recession (-1.8%), although milder than in 2023 (-6%). Similarly, the outlook for steel-using sectors’ output has worsened for 2024 (-2.7%, down from -1.6%). Recovery projections for 2025 are also more modest for both apparent consumption (+3.8%) and steel-using sectors’ output (+1.6%). Steel imports share rose to 28% in the second quarter of 2024.
Fourth quarter 2024 report. Data up to, and including, second quarter 2024