EU

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Bosnia and Herzegovina and Montenegro ask to postpone CBAM launch

The introduction of this mechanism will complicate the export of electricity to the European Union

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Construction in the EU increased by 0.7% m/m in October

Compared to October 2023, the indicator fell by 0.8%

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EU imported 4.7 million tons of steel raw materials from Russia in January-October

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

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The European Commission starts reviewing safeguard measures on steel imports

The investigation was launched at the request of 13 member states of the bloc

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Carbon price in the EU will reach €74/t in 2025 – ING forecast

The bank sees a trend of price growth next year, but more modestly than expected

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Industrial production in the EU increased by 0.3% m/m in October

In an annual comparison, this indicator fell by 0.8% m/m

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ArcelorMittal suspends wire rod production in Gijon due to market downturn

The decision was driven by low demand for steel and high volumes of imports from outside the EU

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The ECB downgraded its forecast for eurozone GDP growth in 2024

The forecast for the current year is 0.7%, compared to 0.8% expected in September

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ECB cuts key interest rates again

The deposit rate will be 3%

WSA
Accident at Mosel River lock complicates transportation of scrap

Blocking of 70 ships has hampered the supply of raw materials to leading EU steel mills

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EUROFER and industriaALL call for a steel summit

The meeting is to discuss urgent issues and an action plan for sustainable development

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CBAM and quota system create problems for EU steel industry – Assofermet

If the requirements of the mechanism are not relaxed, this will threaten steel consuming sectors

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