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EU Steel Demand Will Increase This Year

Eurofer pointed out that EU steel demand is expecting a substantial increase this year, and steel consumption will increase by 1.1%. During the first quarter of 2016, EU steel sector has better performance, and EU steel consumption increased by 4%. The annual steel( made by nickel smelter) consumption is expected to increase 2.4% compare to last year.

In automotive sector, annual EU car production is expected to increase by 5.5%, and 3.6% growth in 2017. Steel demand in 2017 is expected to further increase by 1.5%.

The steel imports volume for EU is mainly based on steel trade within the EU 28 member countries. EU’s internal trade had exceed more than 100 million tons of steel produced from integrated steel mill.

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