Industry Segment: Market Brief | Word Count: 74 Words
Attachment: Steel Mills Europe

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.