New US duties disrupt EU steel market recovery by 2026
- marketing92059
- Jun 6
- 1 min read
Updated: Jun 11
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"New US duties disrupt EU steel market recovery by 2026"
Due to trade turmoil in the EU, steel consumption is expected to fall for the fourth consecutive year
The new 50% US tariff on steel imports has dealt a powerful blow to the already weakened European steel market.
According to the latest economic and market forecast by the European Steel Association (EUROFER), the previously expected growth in 2025 will not materialize. Instead, the EU will see a fourth consecutive year of decline in steel consumption – by 0.9% in 2025 after -1.1% in 2024.
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