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European steel begins recovery

July 08, 2010 - 00:00 GMT

KEYWORDS: steel , refractories , steel demand , World Steel Association , WSA , EUROFER

Steel demand forecasted to grow by 4.3% in 2011 after Q2 2010 turnaround – EUROFER

 

According to EUROFER, activity began to bounce back in Q2 2010 from the low levels reached during a gloomy 2009 thanks to a boost in key end markets such as automotive, although construction is still slow. Output in steel-consuming industries was forecast to grow by almost 4% in 2011.

 

In the 27-member EU, crude steel production was up by 64% in April at 15.4m. tonnes compared to April...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


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