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Photo – How the 12th package of sanctions will affect iron and steel products imports to the EU

Restricting imports of pig iron from Russia is the most important decision in the new sanctions package

Photo – Electricity prices in Europe rose in November amid increased demand
Electricity prices in Europe rose in November amid increased demand

The exceptions were the Pyrenean market and Italy with record solar generation for November

Photo – Global scrap market in 2023: current trends
Global scrap market in 2023: current trends

More and more countries recognize scrap as a strategic raw material and limit exports

Photo – Winter electricity prices in Europe may be significantly lower than last year
Winter electricity prices in Europe may be significantly lower than last year

In October 2023, the cost of electricity in Germany fell by more than 13%, in Italy it increased by 16% compared to September

Photo – EU market expects a rise in HRS prices in November-December
EU market expects a rise in HRS prices in November-December

This will be facilitated by a limited supply amid capacity reductions by some producers

Photo – China’s overcapacity problem returns
China’s overcapacity problem returns

There will most likely no longer be an order from the Chinese authorities to reduce production, but steel mills are voluntarily reducing output

Photo – One step away from recession: Europe shows minimal economic growth
One step away from recession: Europe shows minimal economic growth

One step away from recession: Europe shows minimal economic growth According to the consensus forecast, the eurozone economy is expected to grow at 0.2% and 0.3% Q/Q in Q1 and Q2 respectively

Photo – How sanctions affect the import of Russian steel products to the EU
How sanctions affect the import of Russian steel products to the EU

European producers continue to buy products from the Russian steel industry, since the current sanctions do not ban imports completely

Photo – Players of the European HRC market are worried about the future influx of imports
Players of the European HRC market are worried about the future influx of imports

Quotas for the IV quarter are likely to be filled in early October, which will affect prices in the EU

Photo – Maritime blockade: prospects for Ukrainian exports through Polish ports
Maritime blockade: prospects for Ukrainian exports through Polish ports

A year and a half of war has not changed anything in the readiness of Polish ports for Ukrainian exports, the prospects for the growth of port shipments remain vague

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