EU

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Construction in the EU will decline by 1.3% y/y in 2024 – EUROFER

In 2025, recovery in the sector is expected – by 1.3%

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EU steel distributors face weak demand – EUROMETAL

The sector has expectations for stabilization or a slight increase in prices

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EU increased steel exports to third countries by 6% y/y in January-July – EUROFER

Exports of rolled products increased by 7% y/y, including flat products by 8% y/y, and long products by 6% y/y

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EC approves state aid to Denmark to prevent carbon leakage risk

Companies that qualify for the aid will receive a reduced rate of CO2 tax

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Eurozone inflation accelerated to 2% in October

Analysts expected an increase in the growth rate of consumer prices to 1.9%

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EU cuts imports of steel products by 7% y/y in January-July – EUROFER

Imports of rolled steel increased by 7% y/y

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EU’s GDP grew by 0.3% q/q in Q3

Compared to the same period in 2023, the indicator increased by 0.9%

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Pipe production in the EU to fall by 2% y/y in 2024 – EUROFER

In 2025, a moderate recovery of the production activity of the industry is expected – by 0.8% y/y

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EU has increased opportunities for Ukraine to import electricity in winter

From December 1, the maximum capacity for import will be 2.1 GW

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EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y

Expectations regarding the growth of the indicator in 2025 have also been reduced to +3.8% y/y

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EU has started the process of registering imports of hot-rolled steel from four countries

This step will allow anti-dumping duties to be levied retroactively if necessary

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Crisis in the EU steel industry – politicians are intensifying efforts to help the sector

Representatives of the Ukrainian steel sector expect that the Ukrainian authorities will also pay more attention to the problems of the sector

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