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Steel & Metal
- Germany -

European Steel Industry Faces Critical Turning Point in 2025

The European steel industry is approaching a critical juncture in 2025. Governments across Europe are expected to address significant production and job cuts. The industry faces challenges from high decarbonization costs and overcapacity, particularly from China, leading to increased low-cost, CO2-intensive imports.

Since the financial crisis, European steel production has declined by nearly one-third, and employment has dropped by 25%. The market has deteriorated, with minimal trading activity and falling prices. The industry’s future depends on transitioning to low-carbon production and securing affordable renewable energy for new projects.

Iranian Billet Prices Settle at Around $420

Mexico Factory Activity Weakens in January

Malaysia Probes Steel Dumping Allegations from China, South Korea, Vietnam

Masteel Expects Increased Net Loss for 2024

Ferrexpo Faces $3.8 Billion Lawsuit in Ukraine

Severstal Sustains Investments in Cherepovets Despite Industry Challenges

NW European Plate Market Remains Inert

Global Crude Steel Production Sees Mixed Results in 2025

Steel HRC Prices Inch Upward Across Europe

Blastr Green Steel Secures Partner Finance Round for Finnish Low-Carbon Steel Plant

Slovakia Reduced Steel Production by 11.7% Year-on-Year in 2024

Turkey Increased Steel Exports by 27.6% Year-on-Year in 2024

Finland Reduced Steel Production by 3.8% Year-on-Year in 2024

Danieli QSP-DUE Plant Achieves New Milestone with 145-mm-Thick Slab Cast