2021 has been an extra-ordinary year for the European steel industry. The market saw prices reach record levels and steelmakers’ profitability jumped significantly. The correction in prices registered during the second half of 2021 turned out to be less accentuated than expected, but uncertainties remain. 2022 will confirm in a definitive way if the European steel market has steadily entered a new cycle of elevated steel prices or if a new correction is looming.
Strong demand supported the market in 2021, but the uncertainties surrounding the supply chain for the automotive sector continue to represent an element of concern. Further question marks loom over the future developments of safeguard measures as well as the acceleration of environmental transition currently taking place at most European mills.
During Kallanish Europe Steel Markets 2022 hybrid conference market participants, analysts and representatives from steel end-using sectors will debate the medium- and long-term outlook for the European steel market, putting it in the context of global steel trends.
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