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EU - Latest news GMK Center

Photo – Construction in the European Union decreased by 0.1% y/y in April
Construction in the European Union decreased by 0.1% y/y in April

Compared to March 2023, the indicator decreased by 0.4%

Photo – EU tightens restrictions on steel imports as part of sanctions
EU tightens restrictions on steel imports as part of sanctions

Companies will need to prove that the materials used for processing in a third country do not originate in the Russian Federation

Photo – EU reduced semi-finished products import from Ukraine by 47.5% y/y in January-April
EU reduced semi-finished products import from Ukraine by 47.5% y/y in January-April

In April, deliveries of Ukrainian semi-finished products to EU countries increased by 64.9% m/m and by 19.2% y/y

Photo – The EU reduced imports of iron ore from Ukraine by 9.7% y/y in January-April
The EU reduced imports of iron ore from Ukraine by 9.7% y/y in January-April

In April, deliveries of Ukrainian iron ore to EU countries fell by 16.4% m/m and by 10.4% y/y

Photo – EU importers used up some HRC quotas in the second quarter
EU importers used up some HRC quotas in the second quarter

In the second quarter of 2023, over 1.1 million tons of remaining quotas were used

Photo – South Korean steelmakers are asking for an extension of the CBAM reporting period
South Korean steelmakers are asking for an extension of the CBAM reporting period

The country's steel producers are also calling on the EU to finalize some rules

Photo – Industrial production in the eurozone increased by 1% m/m in April
Industrial production in the eurozone increased by 1% m/m in April

Compared to April 2022, industrial production in the Eurozone increased by 0.2%, in the EU – by 0.1%

Photo – The European Commission is preparing a pilot project of export guarantees to Ukraine
The European Commission is preparing a pilot project of export guarantees to Ukraine

The lack of war risk insurance is one of the obstacles to attracting private business to the recovery of Ukraine

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

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