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

Market Size for Raw Steel And Steel Semi-Finished Products in Europe

In 2021, the Europe market for raw steel and steel semi-finished products was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Raw Steel And Steel Semi-Finished Products in Europe

In value terms, production of raw steel and steel semi-finished products expanded significantly to $X in 2021 estimated in export price. In general, production, however, recorded a mild descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 18%. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports in Europe

In 2021, shipments abroad of raw steel and steel semi-finished products increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of 18%. 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. In general, exports, however, recorded a slight decline. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Russia (X tons) represented the main exporter of raw steel and steel semi-finished products, creating 52% of total exports. It was distantly followed by Ukraine (X tons) and Germany (X tons), together achieving a 28% share of total exports. The following exporters - France (X tons), Italy (X tons) and the UK (X tons) - together made up 7.3% of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of raw steel and steel semi-finished products. Germany experienced a relatively flat trend pattern. Italy (-2.9%), Ukraine (-4.1%), France (-8.1%) and the UK (-13.3%) illustrated a downward trend over the same period. Russia (+12 p.p.) significantly strengthened its position in terms of the total exports, while France, the UK and Ukraine saw its share reduced by -2.4%, -3.5% and -3.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest raw steel and steel semi-finished products supplier in Europe, comprising 46% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 19% share of total exports. It was followed by Germany, with a 6.4% share.

In Russia, exports of raw steel and steel semi-finished products increased at an average annual rate of +1.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Ukraine (-3.5% per year) and Germany (-0.6% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, picking up by 53% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while Ukraine ($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 UK (+7.7%), while the other leaders experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports in Europe

In 2021, purchases abroad of raw steel and steel semi-finished products was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of raw steel and steel semi-finished products surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. 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) and Denmark (X tons) represented the key importers of raw steel and steel semi-finished products, together creating 76% of total imports. The Netherlands (X tons), the Czech Republic (X tons), Bulgaria (X tons), the UK (X tons), Sweden (X tons) and Romania (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported raw steel and steel semi-finished products in Europe, comprising 25% of total imports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total imports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value in Italy stood at +4.7%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+0.8% per year) and France (-2.2% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, increasing by 47% against the previous year. Import price indicated mild growth from 2012 to 2021: its price 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, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while Bulgaria ($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 (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform