EU

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EU exported 15.6 million tons of scrap in January-November

More than 60% of deliveries are to Turkey

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Inflation in the euro area accelerated to 2.5% y/y in January

Energy prices per month increased by 1.8%

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US Steel Kosice reduced steel production by 12.8% y/y in 2024

Shipment of products decreased by 8.2%

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Belgium increased steel production by 21.1% y/y in 2024

Production reached 7.1 million tonnes

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Třinecké železárny plans to invest €1 billion in green transformation

Czech company plans to build an electric furnace that will reduce CO2 emissions by 55%

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EIB increases financing for energy transition and climate action to €50.7 billion in 2024

The amount is 57% of the bank's total funding last year

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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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