Economy
May 7, 2019
European Steel Squeezed Between Rising Import Pressure, Depressed Home Market
Written by Tim Triplett
Final figures show that the EU28 steel market grew in 2018. However, forecasts estimate that it will fall slightly in 2019, reports the European Steel Association (EUROFER).
The preliminary safeguard measures in place since mid-2018 could not prevent third country imports from rising sharply over the year and, as a consequence, local steel producers are finding themselves squeezed by deflected and cut-price steel products from outside the EU.
