Steel Industry Going Strong in Europe, an Industrial Info Market Brief

Despite heavy fossil fuel use and growing concerns about their environmental impact, the steel mills sector in Europe remains strong. There is increasing investment in environmental compliance ($1.6 billion) as well as high investment in unit/equipment additions and expansions ($4.2 billion). Germany, with the highest number of operational mills (67) is spending $1.7 billion, and Italy, with 50 mills, is planning to spend $1.8 billion. See graph below for investment by country.