European Steel Market Forecast 2010

Recently, obtained from the relevant departments

, the European Union in international affairs director of KarlTachelet steel European steel market momentum in 2010 is predicted. He pointed out that although the fourth quarter of 2009, the data is lost, the index shows that Europe has been rebound into the right track, the European economy will recover in 2010. Since January 2010 the confidence index has improved production prospects and orders more positive assessment. Estimated GDP in Europe fell 3.9% in 2009, after increasing 1 percent in 2010, 201 a year will further increase the growth rate to 2%.

The steel industry, construction industry may rebound that led the major European steel market forces, but because of overcapacity could lead to non-housing construction volume in 2010 dropped; Mechanical Engineering 2009 output by 25% but orders slow down in exports improvement in 2010 is expected to increase 1.8%; car industry production decreased 26% in 2009, because "retirement" project termination, sell quantity of uncertainty. Down because of the amount sold in 2010 led to stagnation of car production is expected to increase 2.8%.

In 2009, because of extreme weakness in steel end-user needs, real steel consumption down 25%. Continued weakness in real terms need to be rebuilt, until eventually need to answer in the end of 2010, the year 201, is expected to rebound in real need. Estimated in 2010 the European production will increase slightly by 0.6%, mainly by increased inventory needs and to promote international. 201 year, conditions will be further improved, the output growth rate will increase to 3.7%.

Apparent steel needed to promote the inventory cycle. 2009 Chronology of view just need to drop 35% (down from real consumption and inventory reduction). Looking to 2010, will rebuild stocks (+12.5%) really need to improve and promote the apparent need.

EU imports in 2009 than in 2008 (-47%) a year from 2010-201 is expected to increase again with need. Requirements for steel production increased less than the trend, leading to a global temporary excess supply, which will make imports more pronounced than expected pressure.

KarlTachelet that the EU's future opportunities lie primarily in emerging economies need to increase global steel drive to reduce the relative size of developed markets. Iron requirements in emerging economies is expected to increase to about 2015, 1.2 billion tons per year, while the developed areas of the Government's need to remain in the pre-crisis level (395 million tons per year).

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by: heiyou

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