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

The main theme of the report is the analysis of current and forecasted conditions in the steel market in the European Union.

Key findings include the continued weak demand for steel in the EU despite slight improvements in recent quarters, the impact of the conflict in Ukraine and the energy crisis on steel-consuming industries and the overall economic situation, and the expectation that steel consumption in 2025 will decline again, but more moderately than previously anticipated. Recovery in steel consumption is forecasted for 2026, provided there is an improvement in the industrial outlook and easing of global tensions.