According to the latest report published by the European Steel Association (EUROFER), as the demand for steel among EU members has arrived at a peak point, it seems that in the rest of this year, EU's steel demand growth may start to slow down till the first quarter of next year.

Statistics showed that Europe consumed 36.3 million tons of steel in the first quarter, while the total consumption came to 40 million tons in the second trimester.

Meanwhile, the association also foresaw that in the first quarter of 2022, most of the supply chain disruption, which caused problems in the global market, could be successfully solved or at least relieved.