06/02/2025 (Agence Europe) – The recession in steel consumption in 2024 is likely to be even greater than previously estimated, according to the latest steel market overview, published by the organisation Eurofer on Thursday 6 February. In addition, the expected recovery in 2025 is now projected at an increase of 2.2%, rather than 3.8%. “We can no longer cope with a situation where external factors beyond steelmakers’ control – massive steel dumping, uncompetitive energy and carbon prices, collapsing demand, trade and geopolitical tensions - are structurally undermining our industry”, lamented Eurofer’s Director General, Axel Eggert. The European Commission has promised to present an action plan for steel in the coming weeks. This “will determine the future of the EU steel industry”, according to Mr Eggert. See the report: https://aeur.eu/f/fds (LM)