Demand for steel in the European Union dropped by 12% year on year in the first quarter of 2020 and European steel association Eurofer does not expect a recovery until late 2020-early 2021, it said on Wednesday August 5.
Steel demand in the region started on a negative trend in late 2019 this has continued into the first quarter of 2020, exacerbated by pandemic-related restrictions, the association said.Steel imports in the first quarter...