EU

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Romanian Artrom started using green energy in steel production

The company signed a contract with a large electricity supplier in Romania

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Czech Vítkovice Steel will get a new owner and development investment

Up to €150 million is planned to be invested in the modernization of the steel plant

Potential EU anti-dumping duties on hot-rolled steel may lead to shortages – Assofermet

Material shortages may occur if demand and consumption improve

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EU imported 76.1 million tons of steel products from third countries in January-July

The main share of imports is iron ore – 44.1 million tons

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EU should support European steel industry – CEO of ArcelorMittal Europe

The industry is under the pressure of high costs and volumes of cheap imports

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EU imported 10.2 million tons of iron and steel products from Ukraine in January-July

The main volumes of deliveries are steel raw materials – 9.37 million tons

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A number of countries have exceeded the quota for hot-rolled steel since the beginning of Q4

Australia and Brazil have not yet used their quotas for these products in the «other countries» category

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ArcelorMittal raises prices for steel coils in Europe by €40/t

The company is bullish on current levels and has withdrawn all offers below €590/t

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Eurozone inflation slowed to 1.8% in September

Analysts expected a reduction in the growth rate of consumer prices in September to 1.9%

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EU distributors have a pessimistic forecast for Q4 2024 – EUROMETAL

The industry is likely bracing itself for a challenging finish to 2024 with potential price declines

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EC studies the potential CBAM extension to processed products

The profile directorate of the European Commission is currently investigating the feasibility of such a step

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EU should close loopholes for import of semi-finished products from Russia as soon as possible – Ryzhenkov

Metinvest does not buy Russian slabs for its own European rolling mills, choosing Ilva as a key supplier

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