EU Car Production to Decline by 2.6% in 2025, Pressuring Steel Demand

Post Views: 474 European automotive EU Car Production Decline Signals Trouble for Steel Demand The European automotive sector faces a deeper downturn in 2025, dragging steel demand with it. According to EUROFER, car production across the EU is forecast to drop 2.6% year-over-year. This marks the second straight annual contraction, following a steep 9.7% fall in 2024. Despite a temporary rebound in 2023, structural weaknesses have resurfaced. High inflation, fragile consumer confidence, and uncertainty around electric vehicle (EV) policies are hitting automakers hard. The industry accounts for ...