Regarding the European Union (27 countries) and the United Kingdom, although the EU economy rose by 3.5% in 2022 and avoided recession, industrial activities were severely affected by high energy costs, which led to a considerable contraction in steel demand in 2022.
In 2023, the EU steel industry will continue to be affected by issues such as supply chain bottlenecks. After falling by 7.9% in 2022, steel demand in the EU will continue to fall in 2023, with a drop of 0.4%, but is expected to rebound by 5.6% in 2024.
![Les prix du magnésium augmentent pour la troisième séance consécutive ! Le côté coûts reste « brûlant » tandis que la demande peine à prendre le relais [Commentaire SMM]](https://imgqn.smm.cn/usercenter/EutUV20251217171724.jpeg)
![[Analyse SMM] La Chine n'exporte plus seulement de l'acier vers l'Asie du Sud-Est](https://imgqn.smm.cn/usercenter/FFFrV20251217171719.jpg)
