The EU flat steel market has experienced significant fluctuations between 2010 and 2023. Imports of flat products saw substantial growth from 2010 to 2018, driven by low-cost steel from China and other Asian countries. However, the introduction of safeguard duties in 2019 led to a slight reduction in imports.
The market faced further disruptions due to Russia’s invasion of Ukraine, energy crises, record inflation, and a slump in steel demand. Despite these challenges, the EU steel industry continues to adapt and respond to changing market conditions.
