|
Eurofer expects European steel demand to recover from Q2, 2013.
|
European steel association Eurofer expressed its gloomy outlook toward steel demand in EU this week, said the recovery of steel demand is likely to start from Q2, 2013.
The association expects EU apparent steel demand to drop 5% this year to 149 million tons compared with its previous forecast in May for a 2.7% drop to 153 million tons. Before the financial crisis of 2008 the normal demand was about 200 million tons.
For real steel demand in EU, the association expects it will drop 2.6% in 2012, then rise 1.4% in 2013.
On the other hand, EU steel imports are forecast to drop 23% this year due to weaker euro against US dollars and weak steel demand, and for the EU steel exports it will rise 3.5% this year as the same reasons.
News Date
7/18/2012 11:05:55 AM
reported by
Raul Lee
|
|
|
|
|