EUROFER – Economic and Steel Market Outlook 2025-2026, Jun 2025

Summary

The main theme of the report is the analysis of the economic situation and the steel market in the EU for 2025-2026.

Key findings include the ongoing decline in steel consumption in the EU, which began in the second quarter of 2022, driven by war, rising energy prices, and production costs. Steel consumption in 2025 is expected to decrease again by 0.9% due to US tariffs and related trade disruptions. A recovery in steel consumption is forecasted for 2026 with a 3.4% increase, provided that the industrial outlook improves and global tensions ease.

Region: European Union

Published: June 2025

Author(s): EUROFER

Language: English

Social drivers: Pandemics Sustainability and ethics

Geopolitical drivers: Economic conditions Political instability and conflicts

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