The Group

Annual Report

Global economic activity grew steadily through 2017 with a growth rate estimated at 3.7%, which is half a point higher than in 2016. The pickup in growth has been broad based and is set to continue through the next years, reflecting the increased global growth momentum. The global economy is expected to grow by 3.9% in 2018 and 2019 (source: IMF).


In 2017 the RFE Group reached a consolidated turnover of Euro 3,184 million, with a steel production of 6.9 million tons and with the use of 4,897 employees.


Global financial conditions and strong sentiment in advanced economies will help maintain the recent acceleration in demand, especially in investment, with a noticeable impact on growth in economies with large exports. Growth in advanced economies is expected to reach 2.2% and 2.3% in 2018 and 2019 respectively.