Economy
October 25, 2018
EUROFER: Steel Imports Growing Faster than Domestic Shipments
Written by Sandy Williams
Trade measures by the U.S. are causing concern for the European steel market, according to a new report by the European Union steel association EUROFER. Steel imports are growing faster than domestic shipments by EU mills, according to the Economic and Steel Market Outlook 2018-2019.
“Growth is stabilizing in EU steel markets, in line with expectations,” said EUROFER Director General Axel Eggert. “However, the various challenges facing the sector will impact us in the coming months. Trade tensions could clearly upset the market’s balance, as could slowing demand in other parts of the economy.’’
