In 2025, a moderate recovery is expected – by 0.8% y/yProduction in the household appliances sector of the European Union will decrease by 2% in 2024 compared to 2023. In 2025, a moderate recovery is expected – by 0.8% y/y. The second quarter of 2024 was not an easy one for the household appliances sector in the EU: production remained at the level of the previous quarter, which was previously marked by a significant decline of 6.3%. As GMK Center reported earlier, EUROFER downgraded its expectations for apparent steel consumption in the EU in 2024 to -1.8% y/y. Expectations for growth in apparent steel consumption in the EU in 2025 have also been downgraded from +4.1% to +3.8%.

Source: Economic Times November 06, 2024 11:34 UTC