Non -praying prospects for the European market of steel

The Association of European manufacturers of steel products Eurofer does not see the prospects for increasing demand for metal rolling in the European Union. This state of affairs on the steel market in Europe will last at least until the second half of 2013, the Eurofer says.

At a conference on iron ore raw materials in Vienna today, the director of the Eurofer Analysis Department, Geron Vermey, directly pointed out the prospect of a further drop in the Black Metal Procedure market in the European Union. "Most of the manufacturers are very pessimistic against their portfolio of orders. We expect a further decrease in the visible consumption of steel at the rest of the year," said Mr. Vermey.

Moreover, Europe analysts see absolutely no grounds for reviving the steel market of Europe in the future. The European market is very subject to pressure from the markets of other regions, and since the global crisis does not back down and is not going to retreat, there will be no demand for metal rolling.

“At the beginning of 2012, we had optimism that the crisis would end faster than predicted. However, economic moods seriously worsened for a short period of time and continue to decline,” said the director of the Europer Analysis Analysis Department.

Following the steel markets, the fall is observed in the construction industry and the automotive industry, at 17 and 7 %%, respectively. “The engineering sector of Europe looks good so far, but only at the expense of orders received last year,” Mr. Vermey emphasized, “there is simply no concern that there will simply be no new orders.”






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