Tag: EU’s Crude Steel Production Trend (2008-2021)

Europe is likely to suffer a crude steel production loss of around 4% in 2022 on account of mill closures. Apparent steel consumption had dropped -5.2% in 2019 due to trade issues and manufacturing downturn, and in 2020 by -10.7% (because of Covid). A rebound of 11% was seen in 2021 but recessions are expected…