EU

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Spain increased steel production by 16.5% m/m in September

During January-September, Spanish steelmakers increased steel output by 3.4% y/y

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LKAB reduced iron ore production by 12% y/y in January-September

Raw material supplies to customers decreased by 19.1% y/y

Why Ukraine has a chance to get a special regime of CBAM

The CBAM regulation provides for the possibility of an exception in case of force majeure

CBAM may endanger integration of Ukraine into the EU

Ukraine needs time to adapt to European regulation

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Carbon prices in the EU will rise sharply by 2027 – analysts

The average forecast price for 2027 was €111.14/t

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EU imported 3.9 million tons of steel raw materials from Russia in January-August

Semi-finished steel products, direct reduced iron and pig iron account for the bulk of the volume

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How EU CBAM may increase burden of the war for Ukraine

Domestic iron & steel industry will be the most damaged by CBAM

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EU construction increased by 0.4% m/m in August

Compared to August 2023, the indicator fell by 2.4%

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EU industrial production increased by 1.3% m/m in August

In the Eurozone, this indicator increased by 1.8% m/m

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EU increased scrap consumption by 8.8% y/y in H1 – BIR

The export of this raw material from the EU in January-June amounted to 7.36 million tons

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