The prospects of the market have become the EU so far are vague

The prospects for the growth of the Steel rental market of the Union of the Union today are extremely vague. This is stated in the report of the Association of manufacturers of the Union - Eurofer.

The difficult current economic situation in Europe exerts pressure on the markets of steel products. "The latest market trends show us that the situation after the long months of the fall is mainly stabilized. We can talk about the restoration of the market by the end of 2012. However, given the situation of uncertainty in the economy of the euro of the Union, fluctuations in the euro in the export market, while we are just talking about stabilizing the industrial sector of the Union, but not about the growth," said EUROFER Director Mr. Gordon Moffat.

The consumption of steel in the euro of the Union in the first quarter of 2012 is expected better than last year, but the forecast for the year as a whole remains still lower by 11%than in 2011. In general, the consumption of steel rental in 2012 may decrease by 2.7%in the euro of the Union. As Mr. Gordon Moffat notes, “we are sure that in 2013 improvements in the business cycle will have a serious impact on the steel market, which in particular, will affect steel consumption. According to WSA forecasts (the World Steel Management Association), steel consumption will grow by 2.5%in 2013.”