European steel decline to bottom out in 2010

DECLINING European steel consumption is expected to bottom out during the first half of this year, which could be positive news for owners of dry bulk carriers that transport steel products and raw commodities used to produce the material.

Real steel consumption is forecast to grow 0.3% year on year in 2010, with 2011 expected to see growth of 4.5%, according to the latest report from the European Confederation of Iron and Steel Industries.
“The latest forecasts from Eurofer’s...

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