Steel consumption in the EU fell by 2.3% to 127 million tons last year, according to Eurofer data, and a slower recovery is expected than previously predicted. Eurofer forecasts that consumption will be around 130 million tons in 2025 and 133 million tons in 2026, with a growth of 2.2% if global tensions ease. Axel Eggert, Eurofer’s Director General, emphasizes that external factors such as dumping and uncompetitive energy prices are seriously threatening the EU steel industry. European
EU steel usage fell 2.3% last year to 127M tons.
