The EU steel sector enjoyed record output and good prices throughout most of 2000. This year will be quite different. Steel consumers are likely to benefit from impending price reduction. The market is now oversupplied after high levels of domestic production and increasing volumes of imports.EU steel supply was up by more than 5 percent last year. Only producers in the UK, Netherlands and Luxembourg failed to share in the improvement. A double digit percentage increase was recorded in Germany. All time high steel manufacturing levels were reported in Austria, Finland, Germany, Ireland, Portugal, Spain and Sweden.
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