EUROFER announced that it has published “Steel in Figures” presenting an overview of the key European steel statistics for the period 2004 to 2008.

It said that “The figures underline that the European steel industry is a world leader in its sector and a backbone of Europe’s prosperity and sustainable development. It is an indispensable part of the European supply chain, developing and manufacturing in Europe thousands of different new steel solutions.”

EUROFER said that “Steel provides the foundation for innovation, durability and energy savings in applications as varied and vital as automotive, construction, medical devices, white goods and wind turbines. Steel is 100% recyclable it loses none of its properties, no matter how many times it is re melted and reused and therefore contributes significantly to the long-term conservation of fundamental resources for future generations.”

The European steel industry’s annual turnover totals about EUR 190 billion, it directly employs 420,000 people and produces about 200 million tonnes of steel per year. More than 500 steel production sites in 22 EU Member States provide direct and indirect employment and a living for millions of European citizens.

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(Sourced from www.steelprices-europe.com)