European steel association Eurofer believes that apparent steel consumption in the EU will increase by 11.7% year-on-year in 2021, it said on Thursday May 6.
The association also forecast a more moderate rise of 4.9% year-on-year in 2022, to return "above 2017 levels thanks to continued improvement in demand from steel-using sectors."In 2020, the Covid-19 pandemic slashed steel consumption and the overall economic outlook across...