EUROFER – Economic and Steel Market Outlook Q4 Report 2025-2026, Dec 2025

This report analyzes the economic and steel market outlook for the European Union for the years 2025 and 2026.

It focuses on steel consumption trends, market conditions, and economic factors affecting the steel industry. The report highlights a weak steel consumption since mid-2022 due to geopolitical tensions, rising costs, and economic uncertainty. A slight decline in steel consumption is expected in 2025, followed by a projected recovery in 2026, although volumes are likely to remain below pre-pandemic levels until early 2026.