July 2012 | Coated Steels
No signs of a recovery: European Market Highlights
European production of galvanised material has fallen on a year-on-year basis by up to 23%.
In Europe the construction sector has been one of the hardest hit by the economic downturn – particularly of the continued lack of credit from banks are really in need of a stronger capital base - and of the misapplied enthusiasm for cutting spending that has marked the policies of European governments. In the first quarter this year the output of the construction sectors of EU economies was 5.5% lower than it had been in the first quarter of 2011.
The output of the German industry is reckoned to have dipped by 10% because of cold weather and floods. Without these unusual conditions...
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