Subscribe to RSS
UnitedStates Germany Russia India Turkey SouthAfrica England Netherlands Philippines Belgium Australia Brazil Spain China Kore

EU steel demand seen falling further in 2013

EU Steel indus

European steel demand is likely to fall further this year before a mild rebound takes hold in 2014, though it will remain well below pre-crisis levels, steel industry body Eurofer said on Tuesday.

Eurofer said in a statement that despite several economic indicators improving since November, the EU steel market “looks set to remain stuck in reverse gear”.

“The late 2012 rise in bookings confirms the likelihood of a ‘technical restocking’ scenario in (the first quarter of) 2013,” said the trade group, whose members include ArcelorMittal , ThyssenKrupp and Tata Steel.

“However, the market will continue to lack any positive demand impulses from end-users until the final quarter of the year,” it added.

Eurofer expects “apparent” steel consumption, which takes into account changes in stock levels, to return to growth from the third quarter, but to still fall overall by 0.7 percent this year, before a 3.0 percent increase in 2014.

Even then the 146 million tonnes of steel consumed or pushed into inventories would be 27 percent below the peak pre-crisis level in 2007.

Apparent steel consumption dropped 9.7 percent in 2012, Eurofer said.

Real steel consumption, reflecting end-user demand, fell 5.1 percent last year, with a further drop of 1.8 percent seen this year and a 2.0 percent rise in 2014. Growth would only come from the final quarter of this year.

 

source: Reuters

0 commentsback to post

banner

Add your comment

Nickname:
E-mail:
Website:
Comment:

*

Other articlesgo to homepage

Fangyuan Slewing Ring Co. delivered a slewing ring for all-casing drilling rig

Fangyuan Slewing Ring Co. delivered a slewing ring for all-casing drilling rig(0)

A 2.23 m all-casing drilling rig slewing ring was successfully launched in Maanshan Fangyuan Slewing Ring Co., Ltd on September 25, 2014, which marked the company’s expansion of slewing ring applications. Tested by the high-precision large coordinate measuring machine, the all-casing drilling rig slewing ring is proved to have an gear accuracy of grade 7,

China Railway Corporation: the safety and reliability of wagon bearings from LYC ranked first in all supplier factories

China Railway Corporation: the safety and reliability of wagon bearings from LYC ranked first in all supplier factories(0)

According to the Safety and Quality Notification of Wagon from March to Jun, 2014 issue by China Railway Corporation, the safety and reliability of wagon bearings from LYC ranked frist in all supplier factories. The statistical results showed that the safety and reliability of LYC wagon bearing has been raised again.

First batch of second generation heavy truck hub bearings from LYC rolled off the assembly line

First batch of second generation heavy truck hub bearings from LYC rolled off the assembly line(0)

On August 11, the first batch of second generation heavy truck hub bearings developed by LYC rolled off the assembly line in the automotive bearing division of the company and then entered to the bench test stage. The picture above shows the worker in the automotive bearing division was testing the product.

Xiangyang Automobile Bearing support international high-end cars

Xiangyang Automobile Bearing support international high-end cars(0)

On August 14, the workers from the first batch plant of Xiangyang Automobile Bearing Co., Ltd. were producing tapered roller bearings. The company paid close attention to product quality with rigorous processes. Besides meeting the domestic market demanding, the ZXY brand automotive bearings were also exported to overseas countries to support international high-end brand automotive

Roller bearings for the High Roller

Roller bearings for the High Roller(0)

The American Bridge Company has contracted SKF to supply technological solutions for the Las Vegas High Roller, soon to be the world’s tallest Ferris wheel. SKF is providing Caesars Entertainment Corporation’s 170-metre-tall Ferris wheel with two custom-designed spherical roller bearings along with related technologies. The two spherical roller bearings weigh approximately 8.8 tonnes each, with

read more

Contacts and information

Social networks

Most popular categories

Legal Notice

© 2016 BEARING NEWS All rights reserved.