Steel Production in the European Union Has Dropped to a Historic Low
4 Articles
4 Articles
Steel production in the European Union has fallen to historical minimums against the backdrop of high energy prices, US duties and pressure from China, and European steel exports have also fallen by about 20 per cent, according to Financial Times. The head of the Steel Association (EUROFER) Axel Eggert stated that Europe is "the only major region where steel capacity is declining." He added that the industry would not be able to return to 2015 w…
Steel production in the European Union has dropped to a historic low
Steel production in the European Union has dropped to a historic low. The volume of exports decreased by about 20%, writes the Financial Times.Among the reasons are the sharp rise in energy prices, US tariffs and the consequences of steel supply...
European steel exports have already declined by a fifth due to a number of factors, as reported by the Financial Times (FT).
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