Hoehner 4 weeks ago | flag

Interestingly enough the EU exports approximately 7 million metric tons per year https://legacy.trade.gov/steel/countries/pdfs/exports-eu.pdf - which is about 4% of the production - thus the demand/supply gap in Europe shouldn't be too significant in the short term.

Hoehner 4 weeks ago | flag

EU steel plants suffer from weak demand and high energy costs, decreasing competitiveness of EU steel producers. Shut downs are across all EU countries. However, in comparison to 2022 the steel production is only reduced by 6.7%