European steel production declined 2.6% year-over-year in April, according to Morgan Stanley.
Global steel output fell 2% in April, with China down 3%. World production excluding China decreased 1%.
Germany recorded a 10% increase, Austria rose 4%, Belgium gained 7%, Italy climbed 7%, and Sweden increased 5%.
Spain's output dropped 22%, Poland fell 22%, and France declined 11%.
Outside Europe, India saw a 4% increase, Turkey 9%, and the US 9%. Russia fell 12%, Ukraine 25%.
China's finished steel exports reached 9.5 million tonnes in April. New EU import regulations take effect July 1, 2026.
Morgan Stanley maintains an overweight rating on ArcelorMittal.
