Real steel consumption in the EU in 2012 fell by 5%

The real steel consumption in the European Union has decreased by 5%over the past year, and will continue to fall by another 2%in 2013. This was reported by the European Association of manufacturers of steel Eurofer.

The tendency to reduce the demand for metal rolling in Europe is mainly supported by the processing of the European Union. Another important factor for falling demand for steel has become a significantly reduced metal consumption of new industries in the EU, which entailed an increase in overproduction.

For several years now, the reduced metal consumption has a negative impact on the demand on steel from the end consumers of metal products introducing new technologies and projects using a smaller number of better steels, speak http://metall-servis.com .

Recently, negative signals from consumers are aggravated by economic factors associated with a slowdown in economic growth in Europe, so the forecast for metallurgy for 2013 is negative.

The activity in the EU industry consuming metal supply will continue to decline, which will inevitably lead to a depressive level of steel consumption this year. Perhaps at the end of the year some growth will begin, but this will depend on the general state of the economy in the eurozone.

According to the executive director of Eurofer, Mr. Gordon Moffat, “restructuring in the metallurgical industry should occur. We have too many excess capacities and we must fix a lot in our policy. ” He also believes that about 30 million tons of European steel capacities of 210 million tons should be closed. According to Moffat, the future of the European market has become dependent on the ability of metallurgists to produce steel of higher quality in order to meet the increasing requirements of consumers.

Gordon Moffat noted that in the framework of restructuring, Europe should reconsider its policy in the field of energy, climate and trade in order to help the European steel industry restore its position. The European Commission, which held several round tables at a high level about the situation in the steel industry, will present its action plan in June 2013.