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Photo – Adolfo Aiello: CBAM should motivate non-EU steel producers to decarbonise
Adolfo Aiello: CBAM should motivate non-EU steel producers to decarbonise

EUROFER Deputy Director General Climate and Energy about the deal on the Carbon Border Adjustment Mechanism and review the Emissions Trading System in EU

Photo – The European Parliament approved the proposal on new rules for scrap export from the EU
The European Parliament approved the proposal on new rules for scrap export from the EU

EUROFER believes that stricter monitoring of exports to third countries is necessary

Photo – The European Commission did not change its steel safeguards after the WTO dispute
The European Commission did not change its steel safeguards after the WTO dispute

At the same time, the EC amended the regulation in accordance with the rules of the World Trade Organization

Photo – Industrial production in the Eurozone in November 2022 increased by 2% y/y
Industrial production in the Eurozone in November 2022 increased by 2% y/y

Industrial production in the Eurozone increased by 1% compared to October 2022, in the EU – by 0.9%

Photo – India will seek easing of EU steel import quotas and tariffs
India will seek easing of EU steel import quotas and tariffs

The country will also express concerns about the EU-proposed CBAM

Photo – Electricity prices increased in most of Europe in December 2022
Electricity prices increased in most of Europe in December 2022

In 2022, the highest average monthly wholesale price in the EU was in August

Photo – European consumers will continue limited purchases of steel in 2023
European consumers will continue limited purchases of steel in 2023

Uncertainty in the market encourages buyers to short-term deals

Photo – The US is concerned about the EU’s cross-border carbon tariff
The US is concerned about the EU’s cross-border carbon tariff

American lawmakers believe that the introduction of CBAM could become problematic for the United States

Photo – European steelmakers reduced steel production in November 2022
European steelmakers reduced steel production in November 2022

In Germany, steel output fell by 11.8% m/m, in Italy – by 7.9% m/m

Photo – Steel “Ramstein”, or what EU and US can really do for Ukraine
Steel “Ramstein”, or what EU and US can really do for Ukraine

Ukraine needs cancellation of anti-dumping duties in USA and prolongation of trade without duties with EU

Photo – Industrial production in the Eurozone in October 2022 increased by 3.4% y/y
Industrial production in the Eurozone in October 2022 increased by 3.4% y/y

Industrial production in the Eurozone fell by 2%, in the EU – by 1.9% compared to September 2022

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