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Rolled steel demand in Germany to rise in 2017 - Steel federation- The 18th China£¨Guangzhou£©Int¡¯l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
11/10/2016 sheet metal expo |
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Reuters reported that Germany''s steel federation expects demand for rolled steel, one of the industry''s main products, to rise by 1 to 2% next year, compared with an expected 1 per cent increase this year. Germany''s steel federation said that in the January to August period, orders for rolled steel had risen an average 5 per cent, boosted by demand from the construction and automotive industries, but added that the sector remained under pressure.
Federation president Hans Juergen Kerkhoff said that "The economic situation for Germany''s steel groups continues to be serious.¡±
Mr Kerkhoff said the European Union''s steel imports from China had declined in the first eight months of the year, but were still twice the level of 2013.
Germany''s steel federation confirmed a forecast for crude steel output of 42.5 million tonnes in 2016, slightly lower than the 42.7 million reached last year.
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The 18th China£¨Guangzhou£©Int¡¯l
Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
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