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EU - Latest news GMK Center

Photo – EU reduced semi-finished products import from Ukraine by 37% y/y in January-May
EU reduced semi-finished products import from Ukraine by 37% y/y in January-May

In May, deliveries of Ukrainian semi-finished products to EU countries increased by 14.2% m/m and by 35.6% y/y

Photo – Japan’s steelmakers have comments on European CBAM
Japan’s steelmakers have comments on European CBAM

The mechanism requires data from importers that is not requested from European steel producers

Photo – EU extended anti-dumping duties on Chinese seamless pipes
EU extended anti-dumping duties on Chinese seamless pipes

Tariffs on Chinese products were kept at the level of 29.2-54.9%

Photo – EU reduced iron ore import from Ukraine by 15% y/y in January-May
EU reduced iron ore import from Ukraine by 15% y/y in January-May

In May, deliveries of Ukrainian iron ore to EU countries fell by 21.2% m/m and 34.1% y/y

Photo – Eurozone industrial production increased by 0.2% m/m in May
Eurozone industrial production increased by 0.2% m/m in May

Compared to May 2022, industrial production in the Eurozone decreased by 2.2%, in the EU – by 1.8%

Photo – The EU will invest €3.6 billion of ETS revenues in clean technology projects
The EU will invest €3.6 billion of ETS revenues in clean technology projects

In total, it is about 41 large-scale projects in 15 countries

Photo – The EC presented the first conclusions regarding the integration of Ukrainian railways and the EU
The EC presented the first conclusions regarding the integration of Ukrainian railways and the EU

The construction of the Eurotrack in Ukraine and Moldova will bring the countries closer to the EU single market

Photo – European Parliament approved the EU’s energy saving goals until 2030
European Parliament approved the EU’s energy saving goals until 2030

EU member states must reduce final energy consumption by at least 11.7% by 2030

Photo – Investments in European construction will decrease by 2.5% y/y in 2023 – forecast
Investments in European construction will decrease by 2.5% y/y in 2023 – forecast

The industry association predicts that 2023 will be a year of decline after two consecutive years of growth

Photo – The ITC has launched an investigation into the intensity of emissions in the US steel industry
The ITC has launched an investigation into the intensity of emissions in the US steel industry

The investigation is being conducted at the request of US Trade Representative Catherine Tai

Photo – EU steel coil producers cut prices amid contract negotiations
EU steel coil producers cut prices amid contract negotiations

Plants are making concessions because the market rejected the first offers

Photo – China has used more than 60% of the quotas for steel imports into the EU since July 1
China has used more than 60% of the quotas for steel imports into the EU since July 1

In the current quarterly EU quota period, China is subject to the most restrictions, 23 out of 29

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