Economics
European Steel Industry Sounds Alarm Over Economic Outlook
- Trade wars, weaker demand, Brexit are ‘paralyzing order books’
- Eurofer offers gloomy picture of EU steel-market conditions
The state of the EU steel market is a barometer of the whole European economy.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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The European Union steel industry painted a bleak picture of domestic market conditions, blaming U.S.-instigated tariff wars, the risk of a disorderly Brexit and global overcapacity.