International Steel Mills
October 30, 2013
Eurofer Forecast Optimistic for 2014
Written by Sandy Williams
The European Steel Association (Eurofer) says the year-over-year decline in the European Union (EU) steel industry is beginning to lessen and should show positive growth in 2014, according to the Eurofer Economic and Steel Market Outlook 2013-2014. The SWIP (Steel Weighted Industrial Production) Index is expected to be down -1.1 percent in the third quarter and show slight growth at 0.3 percent in fourth quarter. The overall index rating for 2013 is forecast at -2.6 percent.
Moderate growth in 2014 is expected due to improved investment and private consumption along with higher foreign demand for EU steel.
