EU crude steel production falls to historic low in CY'25; consumption recovers at sluggish pace

Apparent consumption to rise 2% in CY'25 after 3-year contraction. Low base effect, rather than real demand recovery, drives slight growth. Imports surge 14% y-o-y, market penetration reaches record high in Q3

The EU's crude steel production fell 3% y-o-y to a historic low of 125.8 million tonnes (mnt) in CY'25,as per EUROFER's latest Economic and Steel Market Outlook 2026-2027, First Quarter Report. Pressured by elevated imports, weak consumer confidence, and trade tensions, the steel market down cycle continued, though some