European steel exports and domestic demand are expected to improve during this year, with activity in the steel intensive sectors rising by 2.2% in 2015, said the European Steel Association.
According to Eurofer, most of the sectors saw their earlier prognosis slightly downgraded, with the exception of the automotive sector, which is set to increase by 3.8% in 2015. The association sees apparent steel consumption in the EU growing by around 2% to 149 million tons in 2015.
Finished steel imports into the EU are estimated to have risen by 19% year-on-year in 2014 and Eurofer expects this trend to continue. It forecast that deliveries from third-country exporters will rise on average +2% per year in 2015 and 2016.