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European Steel Market Outlook

Apparent steel consumption falling since early 2019 (-10.8% in Q4 19), reflecting negative trend real steel consumption and destocking in supply chain. EU imports fell by -11.5% y-o-y over the entire year 2019 but import penetration rate remained high in historical terms. Pressure on prices intensifies, offsetting any gains in market share by EU domestic mills Source: Alessandro Sciamarelli, EUROFER

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