The market prospect of the European Union is covered with darkness - eurofer

The Association of manufacturers in Europe EUROFER has published an overview of the steel market and the forecast of further development of the situation in the European economic space.

The data given in the message show that over the past two months the prospects of the European Steel Market have become even more foggy. The weakening demand and further decline in sales show that negative trends have penetrated into all sectors of the EU economy, from the financial sector and further to industry, construction and retail sales. In addition to internal problems in the European Union itself, there is also no growth in export sales associated with a global slowdown in economic growth.


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“Buyers in the production and construction industries today are faced with the lack of stable orders for their products. Therefore, they purchase metal rubles only for urgent production needs, without creating inventories in anticipation of improving the business climate in Europe, ”said Gordon Moffat, director of Eurofer.

The key issue today is a change in negative trends reigning in steel markets, which will reduce the risk of operations and attract investments to strengthen consumer demand. “The European Central Bank has fulfilled its part of the obligations, and now the ball is on the side of the EU government field. Officials must agree on further actions and make a decisive turn in the fight against the crisis, ”said Gordon Moffat.

Current forecasts are based on the prerequisites for lifting the eurozone economy after overcoming the debt crisis. The second side of the question will be an unstable situation in the global economy. Experts predict a certain improvement in international trade in 2013. However, today risks and uncertainty are growing, despite the fact that world trade depends on what is happening in the EU.

The production of steel in Europe will fall by 3% this year, and will continue to fall in the following. The real consumption of metal products this year decrease by 4% and, most likely, will continue to decrease in early 2013.

Instead of the seasonal revival of the steel market this year, there was a decrease in reserves for customers of metallurgical enterprises in Europe. At the beginning of next year, perhaps some technical recovery caused by high seasonal demand in the spring, but general steel consumption