The European Union recorded steel product exports valued at €77.8 billion in 2024, demonstrating the bloc’s resilience in the global steel market despite ongoing economic and trade challenges.
Key Highlights of EU Steel Exports in 2024:
- Sustained Global Demand: European steel continued to be in high demand across construction, automotive, and manufacturing sectors worldwide.
- Competitive Market Position: The EU maintained its export strength despite rising costs, energy price fluctuations, and trade regulations.
- Key Export Destinations: The largest buyers of EU steel included the United States, Turkey, and North African markets, reflecting strong international ties.
With global trade dynamics evolving, EU steelmakers are adapting to market shifts, sustainability goals, and competitive pressures. The future of European steel exports will depend on demand trends, geopolitical factors, and ongoing trade negotiations.
Vietnam Steel by Hoa Sen Group
