EU - Latest news GMK Center

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

Duty rates remain at the level of 65.1%-73.7%

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

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

EU GDP is expected to grow by 1.7% in 2024

Demand for raw materials from European steel producers is increasing

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

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

Analysts expected a decrease in the indicator by an average of 1.3%

EUROFER expects this figure to decrease by 1.6% in 2023

The country strives for the development of the internal carbon market

The supply of flat rolled products to the EU decreased by 9% y/y for the year, and long products – increased by 11% y/y