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EUROFER: further revision for 2026, while the promised rebound has been officially postponed to 2027
Back in the second quarter of 2025, EUROFER forecasted the apparent steel consumption in the European Union to increase by 3.4% in 2026. The expectation was then repeatedly revised down: to 3.1% in Q3 2025, 3.0% in Q4 2025, 1.3% in Q1 2026 and 0.4% in Q2 2026. The latest Q3 report leaves just 0.1% of the previously expected rebound.…
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Economic sentiment in the EU weakens. Employment expectations follow.
Economic sentiment and employment expectations weaken in the EU. Anyone who naively expected the European economy to finally accelerate after the summer may want to postpone those expectations at least until next year. After several months of improving trend, the European Commission’s September Business and Consumer Survey may cool down some of the optimism surrounding the final months of the…
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Will the Middle East do more for electromobility in Europe than Brussels has done in years?
Will the Middle East do more for electromobility in Europe than Brussels has done in years? For years, Brussels tried to persuade Europeans to switch to electric cars by offering substantial subsidies, introducing increasingly stringent CO2 emission limits and announcing a complete end of the combustion cars registration by 2035. National and local authorities added their own packages of incentives:…
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Moody’s gets moody. Poland downgraded.
Moody’s gets moody. Poland downgraded For the first time in 31 years, Moody’s has downgraded Poland’s credit rating. On 18 September 2026, the agency lowered the country’s long-term credit rating from A2 to A3 (7th level on the 21-grade scale). Moody’s stated that the weakening of Poland’s public finances is structural in nature and that the country failed to use…
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U. S. Steel Košice disappears from the steel industry map
As of 1 October 2026, U. S. Steel Košice will disappear from the map of the European steel industry. This does not, however, mean the end of steel production in Košice. Quite the opposite. One of Central Europe’s largest mills is about to begin a new chapter in its history under the name of NIPPON STEEL SLOVAKIA. The name change…
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GREEN STEAL – High-Risk Investments
GREEN STEAL – High-Risk Investments Europe is investing billions of euros in low-emission steel. New facilities are being built, new agreements are being signed, and subsidies continue to flow. In presentations, everything looks impressive. There is just one small detail left to consider: will it actually bring profits? The transformation of the steel industry is undoubtedly necessary. But it is…
