Moody: the outlook for the European metals industry remains challenging

Moody said in its report that the European auto industry, construction and capital goods will be the three main consumers of the steel industry. But steel demand is expected to rise by 1% on booming steel imports, which will gain a significant share of the steel market.

With regard to trade barriers against some countries, in Europe in the first 7 months of this year, imports of carbon steel fell by 8.3%. Due to pressure from steel imports and overcapacity problems in Europe, European steel prices will continue to fluctuate beyond 2016.