European steel demand is expected to exceed production growth

  • Wednesday, March 3, 2021
  • Source:ferro-alloys.com

  • Keywords:European,steel
[Fellow]European steel demand is expected to exceed production growth

Ferro-alloys.com:Some European steel mills believe that crude steel output will grow steadily in the first half of 2021, and demand will exceed output growth, thus supporting the price stimulated by the government's economic measures.

In Europe, four major blast furnaces are currently resuming production, and the other three are scheduled to resume production later this year. As a result, some areas will face production shortages, delivery dates will be delayed, and prices will continue to rise.

According to data from the European Steel Association, in 2021 and 2022, production in the region is expected to increase by 13.3% and 3.4%, respectively. 

  • [Editor:zhaozihao]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!