European Steelmakers Struggle to Reach Prerecession Production

June 17, 2011
Construction industry slump, high raw materials prices key constraints in 2010.

European crude steel production rose 24% in 2010, but output levels remained significantly lower than prerecession production, steel organization Eurofer reported June 17.

Production reached 172 million tons in 2010, 18% below pre-crisis levels, according to Eurofer's annual report.

Improving market conditions for flat products used in automobiles and engineering industries helped producers improve capacity utilization rates. Germany and other export-driven countries led production growth in 2010.

But debt-ridden European countries and the continuing construction-industry slump had a negative impact on growth.

Eurofer also cited rising raw materials prices driven by demand from emerging markets as a key challenge in 2010. Iron ore prices rose 65% in 2010, and coking coal costs increased 55%.

The European Union accounted for 12% of global steel crude output in 2010.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!