According to the report of 'Eurofer' of European iron and steel association, the European market decline in demand for steel will continue into 2014.
Association announced that because of the strict EU economic measures as well as funding difficulties, 2013 European metal demand is down about 1%, exports can provide some support to manufacturers. Steel demand will fall by nearly 2% in real terms in 2013, only stable at the level of 2012 in the fourth quarter. The demand of EU steel market will grow by nearly 2% in 2014, 15% lower than in 2005.
According to the report, the steel actual demand of EU dropped about 5% in 2012, the third quarter of the actual demand fell 5.5% year-on-year, in the fourth quarter of the actual demand is also fell by 5.5% year-on-year. At the same time, the metal yields fell by nearly 4% in the third quarter, fell 3.5% year-on-year in the whole year of 2012.
Written by Dora Men
