Andrii Tarasenko

Indonesian material, being the cheapest on the market, put pressure on prices in the EU

This will push up prices on the world market

Exports of square billets from China increased fourfold in the first five months of 2025

More than 90% of steel in the EU is produced in countries with cheaper electricity than Ukraine

14 countries appealed to the European Commission to protect the steel market before the start of CBAM

This week the EUROFER report for 1Q 2024 was released

This bubble is huge

Сonstruction activity in the EU is relatively stable and requires the same volumes of steel as a year earlier

In the 2Q, HRC imports averaged 0.75 million tons per month, in the 1Q – 0.5 million tons per month

Panic is at the raw materials and metal markets

A comprehensive policy is important to reduce dependence on market factors, ensure sustainability and investments

Access to cheap and clean electricity will be the key competitive advantage

The steel sector of Ukraine will be among the most affected by the imposition of the CBA

At the end of the year, quotations of steel rolled products may fall by 30% of their current levels

Steelmaking is one of the industries where risk of default is always high

Last time it was too painful to risk again

The quota amount restricts Ukrainian manufacturers on the one hand. On the other hand, it protects their positions.