European Confederation of Iron and Steel Industries (Eurofer) said that the steel market is showing the uptrend by the continuously raising steel consumption of 2010 and 2011, according to Reuters.

Meanwhile, the inventory cycle is expected to ease further in the near future and the end-user consumption is seen in positive trend.

Also, according to the report, the economic growth in this Q2 is better than that in last Q2, especially in manufacturing steel sectors.

Thus, Eurofer has seen a sustained recovery in 2011 despite of the uncertain factors regarding the global economy and international trade.