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EUROFER: Europe's Economic Enigma & Existential Exigencies
EUROFER's latest Economic & Steel Market Outlook reveals that European steelmakers confront persistent market challenges including U.S. tariff disruptions, geopolitical tensions, weak demand, & historically elevated import market shares reaching 27%. Apparent steel consumption projected to decline 0.2% in 2025, with modest recovery expected only in 2026 contingent upon trade policy resolution & geopolitical stabilization. EUROFER emphasizes that urgent EU trade measure adoption & comprehensive Carbon Border Adjustment Mechanism implementation represent critical prerequisites for preventing continued market deterioration & enabling steelmaker recovery.
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