【SMM Steel】European steel production drops to 125.8mt in 2025, recovery expected in 2027

Published: Jun 22, 2026 17:16

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【SMM Steel】In 2025 EU steel production hit a historic low of 125.8mt down 2.9% while apparent consumption rose 4.4%. The growth was absorbed by a 14% import surge pushing import share from 27% to 30%. EUROFER warned the sector lost 30000 jobs and 30mt of capacity in five years. The outlook remains subdued due to US tariffs geopolitical tensions weak demand and high energy prices, with consumption expected to grow 0.4% in 2026 and 2.2% in 2027 though still below pre-pandemic levels.

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