Real steel consumption in the European Union decreased by 7.6 percent - Eurofer

The updated data obtained by the European Metallurgical Enterprise EUROFER showed that the real steel consumption in 2013 decreased by 7.6 percent compared to last year. This reflects a stronger one than previously expected a decline during the high spring season and the ongoing impact of the crisis on the fundamental factors of demand for steel.

Key consumers of the metal rolling in Europe demonstrate the worst of the production level of production since 2000. Reducing metal consumption in the main industries: automotive, metalworking and construction, continues to have a negative impact on the EU steel sector.

The demand of the side of the final consumer of metal products in Europe will remain weak in the rest of 2013, they say in Eurofer. The forecasts for the manufacturing industry and the construction sector, although they become more and more optimistic, however, their growth will affect metallurgy only after a sufficiently large period of time.

In addition, in order to ensure the steel industry of Europe in an inexpensive credit resource, today, according to Eirofer, a sharp increase in investment is extremely necessary.

The main forecast for the drop in the consumption of metal rolling in the EU for the whole of 2013 in Eurofer was left without changes - 4.5 percent compared to 2012.