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Steel: Asia output strong, EU to witness increase after two years of decline

Posted on 08 May 2014

Strong growth in Asia production and increase in European Union (EU) production after two years of decline, will raise total production of steel by 3% to 1655 mn tons in 2014, according to MEPS International.
MEPS estimates a growth of 2.6% for EU region at 170 mn tons. Steel manufacturing in Europe, excluding the EU and CIS, should reach 40 million tonnes in 2014 - a rise of 3.1 percent, year-on-year. Our 2014 forecast for steelmaking in the CIS has been downgraded in this issue and now stands at 108.5 million tonnes. This represents a slight decrease from the previous year’s outturn………………………………………..Full Article: Source


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