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Photo – Construction in the European Union decreased by 1.2% y/y in March
Construction in the European Union decreased by 1.2% y/y in March

Compared to February 2023, the indicator decreased by 1.9%

Photo – Producers urge EU to lift steel import safeguards
Producers urge EU to lift steel import safeguards

The Italian Assofermet also made a corresponding request

Photo – EU steel distributors significantly reduced inventory levels in the first quarter
EU steel distributors significantly reduced inventory levels in the first quarter

The record maximum of reserves was recorded in December 2022

Photo – The EU reduced imports of iron ore from Ukraine by 9.4% y/y in the first quarter
The EU reduced imports of iron ore from Ukraine by 9.4% y/y in the first quarter

In March, deliveries of Ukrainian iron ore to EU countries increased by 42.4% m/m, but decreased by 3.1% y/y

Photo – The European Union reduced imports of pig iron from Ukraine by 27.3% y/y in the first quarter
The European Union reduced imports of pig iron from Ukraine by 27.3% y/y in the first quarter

In March 2023, supplies of Ukrainian pig iron to EU countries have increased 4 times

Photo – The green agreement between the US and the EU should affect Chinese steel production
The green agreement between the US and the EU should affect Chinese steel production

The negotiations are aimed at establishing barriers for products produced with high carbon emissions

Photo – Industrial production in the Eurozone fell by 4.1% m/m in March
Industrial production in the Eurozone fell by 4.1% m/m in March

Compared to March 2022, industrial production in the Eurozone decreased by 1.4%, in the EU – by 1.3%

Photo – The EC improved the EU GDP growth forecast in 2023 to 1%
The EC improved the EU GDP growth forecast in 2023 to 1%

EU GDP is expected to grow by 1.7% in 2024

Photo – EU steelmakers are concerned about the future availability of scrap
EU steelmakers are concerned about the future availability of scrap

Demand for raw materials from European steel producers is increasing

Photo – EU importers show increased interest in Asian rolled products
EU importers show increased interest in Asian rolled products

Quotas for the import of such products in the second quarter of 2023 have been exhausted by 96%

Photo – The European Parliament supported the continuation of customs duties abolition on Ukrainian products
The European Parliament supported the continuation of customs duties abolition on Ukrainian products

The liberalization of the trade regime with Ukraine is planned to be extended for another year – until June 5, 2024

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