Tag: Europe: Steel demand likely to drop marginally y-o-y in CY22

European Union’s (EU) apparent steel consumption is likely to drop marginally by 1% y-o-y to 147 million tonnes (mnt) in CY22, as per the European Iron and Steel Association (Eurofel). The apparent consumption rose by 6.5% y-o-y to 37.1 mnt in Q1CY22. However, the same fell 5.9% y-o-y in Q2 amid supply chain disruptions, high…