Economy
July 10, 2017
EUROFER Expects Improving Market Conditions for 2017
Written by Sandy Williams
The European steel market and economy improved in the first half of 2017, but the EU is concerned that increasing protectionist policies may lead to “disastrous trade flow distortions.”
Apparent steel consumption grew 3.1 percent year-over-year in the European Union during the first quarter of 2017, according to a new report by the European Steel Association (EUROFER). Improved supply and demand balance was driven primarily by a reduction in dumped imports as a result of successful trade cases.
