Real steel consumption in the EU will fall by 4.5 percent this year, and in the next will increase by 2 percent - Eurofer

EUROFER, which has been published today by the EUROFIER Metallurgical Enterprise Association, confirmed that the basic scenario of the development of the economy in the second half of 2013 and slow recovery in 2014, which published in 2014, is published in the second half of 2014.

As expected in Eurofer, the EU economy was in recession throughout the first quarter of this year. Nevertheless, economic indicators began to unfold in a positive direction in recent months, increasing the likelihood of stabilizing the falling European economy. The second quarter of 2013, Europe completed with a pronounced improvement in the market in July.

The conditions for conducting a metallurgical business remain complex, and insignificant growth indicates the likelihood of slow recovery.

“Access to financing and the cost of loans will remain the most significant reasons for the growth of the economy,” said Gordon Moffat, President of Eirofer, “continuing the liberal rate of the Central Bank of Europe, reducing the cost of borrowed funds and improving the payment balance of enterprises in combination with a lower macroeconomic uncertainty will be key factors in the EU economy in the remaining part of 2013 And in 2014. "

Eurofer expects a revival of the global economy and, as a result, the growth of export revenues.

"The real steel consumption in Europe will fall by 4.5 percent this year. The increasing imports will aggravate the effects of sluggish demand on the EU metallurgical enterprises. However, the market will stabilize at the end of the year, and in 2014 we will begin to restore. We expect the growth of metal products in Europe next year by 2 percent."