EU

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EU GDP grew by 0.8% y/y in 2024

The indicator grew by 0.1% q/q in Q4

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ECB cuts key interest rates by 25 basis points

Deposit rate will be 2.75%, with marginal loans – 3.15%

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Austria produced 7.1 million tons of steel in 2024

Production remained at 2023 level

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European Commission presents EU competitiveness strategy

The strategy is based on innovation, decarbonization and safety

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Poland increased steel production by 10.1% y/y in 2024

Production reached 7.1 million tonnes

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Spain increased steel production by 3.3% y/y in 2024

During the year, Spanish steelmakers produced 11.82 million tons of steel

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Assofermet criticizes revision of EU safeguard measures on steel imports

The industry association calls for refraining from extending them beyond 2025

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France increased steel production by 7.6% y/y in 2024

During the year, French steelmakers produced 10.75 million tons of steel

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EU increased imports of rolled steel products by 5.4% y/y in January-November

Deliveries of long rolled products for the period increased by 3% y/y, and flat – by 6.3% y/y

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A third of the EU steel industry is at risk of shutting down – ArcelorMittal France

ArcelorMittal France emphasizes the critical need to review CBAM and safeguard measures to save European steel

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EU imported 5.04 million tons of steel raw materials from Russia in January-November

The bulk of the volume is accounted for by semi-finished steel products, direct reduced iron and pig iron

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European steelmakers insist on improving CBAM

The changes should be implemented this year, according to EUROFER

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