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Photo – Germany reduced steel production by 9.1% m/m in November
Germany reduced steel production by 9.1% m/m in November

The indicator has been declining for the 11th consecutive month y/y

Photo – Tibnor to acquire Finnish steel distributor Ovako Metals Oy
Tibnor to acquire Finnish steel distributor Ovako Metals Oy

The agreement with Ovako is expected to strengthen Tibnor's position in Finland and expand its service and product range

Photo – The ECB kept key rates unchanged for the fourth consecutive time
The ECB kept key rates unchanged for the fourth consecutive time

Регулятор покращив прогноз зростання економіки єврозони

Photo – Italy reduced steel production by 11.8% m/m in November
Italy reduced steel production by 11.8% m/m in November

During January-November, the indicator grew by 2.5% y/y

Photo – Construction in the EU grew by 0.8% m/m in October
Construction in the EU grew by 0.8% m/m in October

The highest monthly growth was recorded in Slovenia, Germany, and Portugal

Photo – Car producers criticize EU proposal on energy transition in the industry
Car producers criticize EU proposal on energy transition in the industry

Other stakeholders warn of weakening of Europe's climate strategy

Photo – ArcelorMittal raises prices for hot-rolled coil in the EU for March by €20/t
ArcelorMittal raises prices for hot-rolled coil in the EU for March by €20/t

Flat steel market grows due to trade changes and CBAM, demand remains weak

Photo – The EU will not exempt anyone from the CBAM mechanism – European Commissioner
The EU will not exempt anyone from the CBAM mechanism – European Commissioner

There may be an exception for the UK, provided that the parties' carbon markets are merged

Photo – EUROFER and VW Stahl call for revisions to CBAM
EUROFER and VW Stahl call for revisions to CBAM

Associations criticize the European Commission's approach to exports, circumvention of rules, and protection of the production chain

Photo – Stellantis considers EU plans insufficient for the automotive industry’s energy transition
Stellantis considers EU plans insufficient for the automotive industry’s energy transition

The automaker noted, in particular, that the EU package remains incomplete without a clear definition of the local component

Photo – Construction of the Baekeland substation for ArcelorMittal has begun in Belgium
Construction of the Baekeland substation for ArcelorMittal has begun in Belgium

New 380/150 kV substation in Ghent to be key element in energy transition and industrial electrification

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