Post by Aperam

🔗 Read the full article: https://lnkd.in/e7_bZMx3 📉 European major household appliance production has declined from around 31 million units per year to 28 million since the 2015–2019 period. 🏭 Between 20 and 25 major manufacturing sites have been closed or lost across Europe, resulting in the loss of more than 10,000 direct industrial jobs. ⚡ Rising energy and labour costs are accelerating the relocation of production capacity towards more cost-competitive regions. 🇨🇳 At the same time, Chinese manufacturers are strengthening their position in Europe. Their growth is now driven as much by technological innovation and energy efficiency as by production costs. 📦 With 70% of European major household appliance imports coming from China, the value chain is becoming increasingly globalised. For the steel industry, this translates into a steady increase in stainless steel embedded in imported finished products. Our latest analysis explores the trends reshaping the European major household appliance market and their implications for the wider industrial value chain. #Aperam #WhiteGoods #HomeAppliances #EuropeanIndustry #StainlessSteel #SteelIndustry