EU

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EU’s GDP grew by 0.3% q/q in Q1

The bloc's economy grew by 1.4% year-on-year

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Belgium increased steel production by 6.2% y/y in Q1

In March, the country's steelmakers increased steel production by 3.4% m/m and 6.8% y/y

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SSAB increased rolled steel production by 6.3% y/y in Q1

Shipments of products increased by 5.9% y/y and steel production – by 0.3% y/y.

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Spain increased steel production by 10.9% y/y in March

Spanish steelmakers increased steel production by 8.1% y/y in Q1

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Liberty Steel Liège’s bankruptcy was predictable – IndustriAll Europe

Trade Unions Call for Workers' Protection after the Collapse of a Strategic Steel Enterprise

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EU increased imports of iron and steel products from Russia by 71% y/y in January-February

Main volume is accounted for by pig iron, semi-finished steel products, and direct reduced iron

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LKAB increased iron ore shipments by 2.2 times y/y in Q1

Production of iron ore products decreased by 1.5% y/iy over the period

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Germany reduced steel production by 11.3% y/y in March

Since the beginning of the year, the indicator has decreased by 12.5% y/y

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Construction in the EU fell by 0.4% m/m in February

The largest declines were observed in Slovenia, Germany and Poland

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Italy increased steel production by 11.2% m/m in March

During January and March, the indicator grew by 3.1% y/y

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EC approves €400 million in aid to Spain for green hydrogen production

The financing supports projects within the Hydrogen Bank and will contribute to the decarbonization of industry

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