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Steel demand in EU plus UK seen rebounding by 13.3% in 2021: Eurofer

"2020 is likely to be one of the worst years on record, even if we will see positive figures in the fourth quarter," said Eurofer Director General Axel Eggert

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Apparent steel consumption measures output of steel producers plus net imports minus net exports

Reuters
Demand for steel in the European Union and Britain fell by 11.6% year on year in the third quarter of 2020 as the COVID-19 pandemic hit industrial activity but it is expected to bounce back this year, industry group Eurofer said on Wednesday.
 
"2020 is likely to be one of the worst years on record, even if we will see positive figures in the fourth quarter," said Eurofer Director General Axel Eggert.
 
The third quarter decline in apparent steel consumption for the 27 EU members plus Britain to 32.8 million tonnes was an improvement on the tumble of 25% in