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Photo – Industry needs a European fund for the energy transition – Federacciai
Industry needs a European fund for the energy transition – Federacciai

Italian industry has to compete in conditions of support for its industries from Germany and France

Photo – Demand for green steel will grow on the European market
Demand for green steel will grow on the European market

The suppliers of these products managed to obtain the corresponding allowance

Photo – СВАМ and the future membership of Ukraine in the EU
СВАМ and the future membership of Ukraine in the EU

Exemption from СВАМ as part of the liberalization of trade relations between our country and the EU is one of the foundations for stimulating the recovery of the Ukrainian economy

Photo – The EU has extended anti-dumping and countervailing duties on hot-rolled steel from China
The EU has extended anti-dumping and countervailing duties on hot-rolled steel from China

Tariffs on Chinese hot-rolled coil will remain in place for at least another 5 years

Photo – European electricity prices fell significantly in May
European electricity prices fell significantly in May

Electricity demand continued to decline in most markets in May 2023

Photo – Eurozone economy enters technical recession
Eurozone economy enters technical recession

In the first quarter of 2023, seasonally adjusted GDP in the eurozone fell by 0.1%

Photo – European Union reduced steel exports by 10% y/y in the 1st quarter
European Union reduced steel exports by 10% y/y in the 1st quarter

Shipments of long rolled products decreased by 7% y/y, and flat – by 12% y/y

Photo – EU will extend protective measures on steel imports for another year
EU will extend protective measures on steel imports for another year

The measures will remain in effect until the end of June 2024

Photo – US duty-free regime for Ukrainian steel may help EU exporters
US duty-free regime for Ukrainian steel may help EU exporters

European producers will be more interested in the hot-rolled coil and preparation of Ukrainian origin

Photo – European steelmakers are concerned about the timing of the transition to CBAM
European steelmakers are concerned about the timing of the transition to CBAM

One of the problems is the lack of renewable energy supply capacity

Photo – The EU imported 635.4 thousand tons of direct reduction iron in the first quarter
The EU imported 635.4 thousand tons of direct reduction iron in the first quarter

The main volume of products was shipped from Russia and Libya – 357.7 thousand tons and 100.5 thousand tons, respectively

Photo – Eurozone inflation slowed to 6.1% in May
Eurozone inflation slowed to 6.1% in May

The indicator fell to a minimum since February 2022

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