Scrap Monster
Vulcan
Vulcan
March 11, 2019

Made in Steel: the outlook for the steel sector remains positive in the year of the eighth edition

It is slowing down, but remains in a moderately optimistic climate the steel demand in EU and Italy.
Made in Steel: the outlook for the steel sector remains positive in the year of the eighth edition

March 8th, 2019 - The Made in Steel online ticket office is officially open. The main southern Europe Conference & Exhibition dedicated to the steel industry will take place at fieramilano Rho (Milan) from 14 to 16 May 2019. Purchasing an entry ticket online allows you to take advantage of special rates. Visitors can thus save money and get direct and quick access through the fieramilano turnstiles, by receiving their entrance ticket by email.

In the year of the eighth edition of Made in Steel, in the European Union and in Italy the outlook for the steel sector still remains positive after a good 2018,even if the figures are lower than in the recent past, influenced by the negative carry-over effect of the last quarter of 2018.

According to the forecasts of Eurofer, the European steel association, the real steel consumption in the EU should be breaking of at +0,8% in 2019 (against the +2.2% of 2018) at 165 million tons, followed by a +0,9% in 2020 at 166 million.  

Almost all the EU steel-using sectors are going to slow down in 2019 and 2020, however they will still be in a positive place: the forecast for the growth rate of production is 1,5% and 1,7% (against +3,1% in 2018). 

Concerning Italy, according to the estimations of the siderweb Research Department, the apparent consumption in 2019 (delivery plus import minus export) should increase by 1% (2,9% in 2017; + 2% in 2018), aligning with the European data. 
In detail, in 2019, the automotive sector should slow down (0,5% with respect to 2018), while the construction industry will stay steady on a growth rate of about 1%. “It is licit to expect a slowing down in the speed of the growth rate of flat steel – estimates Stefano Ferrari, Chief of siderweb Research Department -, that in the last years have been the driving force behind the growth of steel consumption in Italy, and a relative improvement of long products, that should increase at a similar rate of flat products.”