EU

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Inflation in the euro area accelerated to 2.4% y/y in December

Energy prices for the month increased by 0.1%

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Jindal Steel International officially becomes the new owner of Vítkovice Steel

The Antimonopoly Committee has given the green light to the acquisition of the company

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EU industry could decarbonize up to 45% of steel by 2035 – study

Steel mills plan to replace blast furnaces and oxygen converters with DRI and electric arc furnaces

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France imported 325.2 thousand tons of steel from third countries in January-October

The main part of the import fell on long rolled steel – 189.54 thousand. t

Ukraine could become a major supplier of DRI to the EU

Increasing demand for DRI is encouraging the market to start new capacity

Ukraine can help European steel industry decarbonize

Ukraine has the potential to supply 20-25 million tons of raw materials for DRI production to the commercial market, providing 14% of the global market demand

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Italy imported 6.1 million tons of steel from third countries in January-October

Flat products accounted for the bulk of imports – 5.58 million tons

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Germany imported 630.9 thousand tons of steel from third countries in January-October

The main part of the import fell on long steel – 497.54 thousand. t

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Spain reduced steel production by 4.2% m/m in November

During January-November, Spanish steelmakers increased steel output by 2.4% y/y

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European Commission initiates investigation into imports of ferroalloys

Imports of certain categories of these products increased from 1.3 million tons in 2020 to 1.6 million tons by mid-2024

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EU imported 2.26 million tons of DRI in January-October

Imports increased by 3.6% y/y

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ArcelorMittal raises prices for hot-rolled steel in Europe to €630/t

Steel demand in Europe grows, while imports are restricted by anti-dumping measures

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