Eurometal has analyzed the long and flat steel consuming sectors in the 27 member countries of the European Union (EU); to sum up, it says that the flat steel consuming end-use sectors are the promising ones, while long steel consuming end-use sectors are somewhat disappointing.
According to Eurometal, after the economic crisis, industries in Europe have achieved recovery, while the construction sector is in a worse condition than during the crisis. In the EU, flat steel consuming end-use sectors have shown a growth of 17 percent as compared to the first six months of 2009, while the construction sector has contracted by six percent in the same period.
Meanwhile, according to Eurometal, flat product sales in the period in question have increased by 24 percent, while long product sales have declined by seven percent.
As seen in the charts and as mentioned above, in the first six months of 2010 flat steel consuming end-use sectors (machine, automobile, home appliance, etc.) have expanded by 17 percent and flat steel sales have increased by 24 percent - both compared to the same period of 2009.
