EU: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in the EU

The EU market for raw steel and steel semi-finished products was estimated at $X in 2021, surging by 13% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Raw Steel And Steel Semi-Finished Products in the EU

In value terms, production of raw steel and steel semi-finished products surged to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.3% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 48% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports in the EU

In 2021, after three years of decline, there was significant growth in shipments abroad of raw steel and steel semi-finished products, when their volume increased by 26% to X tons. Over the period under review, exports, however, recorded a perceptible downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of raw steel and steel semi-finished products soared to $X in 2021. Overall, exports, however, showed a noticeable curtailment. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Germany (X tons), distantly followed by France (X tons), Italy (X tons), Poland (X tons), Romania (X tons), Portugal (X tons) and the Czech Republic (X tons) represented the largest exporters of raw steel and steel semi-finished products, together generating 74% of total exports. The following exporters - Sweden (X tons), the Netherlands (X tons), Slovakia (X tons), Spain (X tons), Belgium (X tons) and Austria (X tons) - together made up 22% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of +26.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 47% share of total exports. These countries were followed by Sweden, Poland, Romania, Austria, the Netherlands, the Czech Republic, Spain, Portugal, Slovakia and Belgium, which together accounted for a further 46%.

Portugal, with a CAGR of +25.6%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, with an increase of 32% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Austria ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.8%), while the other leaders experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports in the EU

After two years of decline, overseas purchases of raw steel and steel semi-finished products increased by 22% to X tons in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of raw steel and steel semi-finished products soared to $X in 2021. Total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons), distantly followed by Belgium (X tons), France (X tons), Germany (X tons), Poland (X tons), Spain (X tons), Denmark (X tons) and the Netherlands (X tons) were the key importers of raw steel and steel semi-finished products, together achieving 85% of total imports. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported raw steel and steel semi-finished products in the European Union, comprising 26% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports. It was followed by France, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value in Italy amounted to +4.7%. In the other countries, the average annual rates were as follows: Belgium (+0.8% per year) and France (-2.2% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, picking up by 48% against the previous year. Import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and the Netherlands ($X per ton), while Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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