European industry claims EU steel industry will lose competitiveness in the next 20 years

The European Iron and Steel Industry Alliance, Wolfgang, said in an exclusive interview with the agency that due to declining demand, rising costs and cheap imports, the EU steel industry may need to close three quarters of its capacity in the next 20 years. Copper, aluminum, lead, zinc, tin, nickel, China Nonferrous metals, small metals, scrap metal. In the next 10 years, 15 years and 20 years, European production will no longer be competitive, at least at standard grade steel. Copper, aluminum, lead, zinc, tin, nickel, China Nonferrous metals, small metals, scrap metal. The biggest competition is not from big producers such as Brazil and China, because they are still subject to high transportation costs. They are neighboring Russia, Turkey and Ukraine, and they are continuously expanding their sales to the EU. Copper, aluminum, lead, zinc, tin, nickel, China Nonferrous metals, small metals, scrap metal. Wo also said that the upsurge of steel consumption is coming to an end because China's steel demand growth rate has dropped from 9-10% per year to 6-7%; US demand is stable but not strong; Europe has delayed investment in infrastructure and the automotive industry has not furthered With signs of improvement, its steel consumption is expected to decline.