EU apparent steel consumption is forecast to increase 2.2% to 138 mnt in 2027, accelerating sharply from the 0.7% growth expected in 2026. The increase follows two years of contraction and would take consumption above 2025’s 134 mnt, but still leave the market around 7 mnt below the 2019 level of 145 mnt. The more significant change is in the composition of demand. Construction is strengthening, automotive is expected to move from contraction to growth, and defence and energy investment are creating additional steel-intensive activity.
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