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Eurofer Forecasts Up to 10% Growth in European Steel Output in 2010
BANGALORE, INDIA--February 3, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--In a recent interview, Wolfgang Eder, president of the European Confederation of Iron and Steel Industries (Eurofer) (Brussels, Belgium), expressed optimism that the European steel market will witness an increase in real demand, which will lead to an estimated 5% to 10% increase in production. Despite a slump of 8% in steel production last year, the 360 billion ($500 billion) industry is expected to witness slow but steady economic recovery. Growth is expected to come from the restocking of depleted inventories and new demand spurred by the energy and automotive sectors.
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Industry Segment: Metals & Minerals
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