Year-over-year growth rate of the European Union's Steel Weighted Industrial Production Index measuring the real steel consumption of the automotive industry from 2020 to 2024, with a forecast through 2026
Characteristic
Growth rate
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In 2026, the European Union's Steel Weighted Industrial Production Index is forecast to increase by nearly *** percent. This would mark the first year of consumption growth after *** consecutive years of decline. Challenges in the automotive sector, including surrounding the electric vehicle market, contributed to the contraction in demand recorded in 2024, which marked the first year in which automotive consumption dropped since the pandemic.
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EUROFER. (April 28, 2025). Year-over-year growth rate of the European Union's Steel Weighted Industrial Production Index measuring the real steel consumption of the automotive industry from 2020 to 2024, with a forecast through 2026 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1615629/eu-27-change-in-steel-consumption-by-the-automotive-industry/
EUROFER. "Year-over-year growth rate of the European Union's Steel Weighted Industrial Production Index measuring the real steel consumption of the automotive industry from 2020 to 2024, with a forecast through 2026." Chart. April 28, 2025. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1615629/eu-27-change-in-steel-consumption-by-the-automotive-industry/
EUROFER. (2025). Year-over-year growth rate of the European Union's Steel Weighted Industrial Production Index measuring the real steel consumption of the automotive industry from 2020 to 2024, with a forecast through 2026. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1615629/eu-27-change-in-steel-consumption-by-the-automotive-industry/
EUROFER. "Year-over-year Growth Rate of The European Union's Steel Weighted Industrial Production Index Measuring The Real Steel Consumption of The Automotive Industry from 2020 to 2024, with a Forecast through 2026." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 28 Apr 2025, /statistics/1615629/eu-27-change-in-steel-consumption-by-the-automotive-industry/
EUROFER, Year-over-year growth rate of the European Union's Steel Weighted Industrial Production Index measuring the real steel consumption of the automotive industry from 2020 to 2024, with a forecast through 2026 ÌÇÐÄÆƽâ°æ, /statistics/1615629/eu-27-change-in-steel-consumption-by-the-automotive-industry/ (last visited August 01, 2026)
Year-over-year growth rate of the European Union's Steel Weighted Industrial Production Index measuring the real steel consumption of the automotive industry from 2020 to 2024, with a forecast through 2026 [Graph], EUROFER, April 28, 2025. [Online]. Available: /statistics/1615629/eu-27-change-in-steel-consumption-by-the-automotive-industry/
