EUROFER - Steel in Figures 2023

The European Steel in Figures 2023 guide provides a comprehensive overview of the European steel industry, including key statistical trends in areas such as production, steel use and market supply, international trade, employment and economic impact, and sustainability. One of the main takeaways from the report is that the European steel industry is a significant contributor to the EU economy, generating over €170 billion in turnover and providing direct employment to over 300,000 people. However, the industry faces challenges such as overcapacity, high energy costs, and competition from imports. Steel production in the EU has been relatively stable in recent years, with around 159 million tonnes produced in 2020. The main producers of steel in the EU are Germany, Italy, France, and Spain. However, the EU is a net importer of steel, with imports accounting for around 25% of steel consumption in 2020. The main sources of imports are China, Russia, and Ukraine. The steel industry is working towards sustainability and reducing its environmental impact through initiatives such as reducing CO2 emissions, increasing the use of recycled steel, and improving resource efficiency. For example, the industry has set a target of reducing CO2 emissions by 30% by 2030 compared to 2018 levels. Stainless steel is an important segment of the European steel industry, with applications in sectors such as construction, automotive, and household appliances. The report provides detailed information on the production and consumption of stainless steel in the EU, as well as trends in international trade. Overall, the European Steel in Figures 2023 guide provides a valuable resource for anyone interested in the European steel industry and its impact on the economy and the environment.