Attention to Greek Investment Immigration and Greek business trade: In May 2013, media reports indicated that the Greek steel industry was experiencing a rapid oversupply, leading relevant companies to be forced to halt production.
The annual steel production in Greece can reach 4 million tons, but demand has never approached this level. Currently, domestic steel demand in Greece has sharply decreased from 2.2 million tons in 2008 to 250,000 tons, forcing Greek steel companies to cut production or even halt operations to avoid high energy costs.