OUTLOOK: Auto, industrial markets to boost European steel demand in H2 2020 - Irepas

The European Union made a quiet start to 2020, but steel consumption will rise in the second half of 2020, the International Rebar Producers & Exporters Association (Irepas) said on February 5.

Profitability and margins for steel producers vary greatly between regions due to factors including dependence on markets affected by the novel coronavirus (2019-nCoV) outbreak and geopolitical issues, according to Irepas.
In general, the demand outlook is still positive globally while developments in the automotive and industrial markets may help to support construction products. Moreover, inventory levels at present are moderate globally, the association added.
Construction activity has consistent over the winter period in the northern hemisphere due to the warm weather and there have been minimal stoppages.
Safeguarding quotas

“The overcapacities in the EU still prevent prices from going up, even though imports are low as never before...

Published

Serife Durmus

February 12, 2020

15:35 GMT

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