European Economy Began Turnaround in Third Quarter

November 2009
Metal Center News;Nov2009, Vol. 49 Issue 12, p44
Trade Publication
The article focuses on the October 2009 report of the European Confederation of Iron and Steel Industries (EUROFER) regarding the economic and steel market outlook for the European Union (EU) for 2009-2011. The report notes that the EU economy has recovered in the third quarter of 2009. It shows that the decline in steel demand in the first half of 2009 has affected the activity of steel-using industries. It forecasts that the year-on-year output of steel will grow significantly in 2011.


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