04/12/2025 (Agence Europe) – The European steel market continues to be under pressure from trade tensions, US tariffs, weak demand and high energy costs according to the latest economic outlook published by steel manufacturers’ representative Eurofer Thursday 4 December. In 2025, a further recession is forecast for steel consumption (-0.2%) and the sectors that use it (-0.5%). A recovery is not expected until 2026, with no return to pre-pandemic levels. Imports into the EU remain very high (27%), while exports are falling. Eurofer is calling for the urgent adoption of the new EU safeguard measure (see EUROPE 13725/1) and the rapid strengthening of the Carbon Border Adjustment Mechanism. (LM)