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Photo – Steel market disappointed by delay in setting CBAM benchmarks
Steel market disappointed by delay in setting CBAM benchmarks

The preliminary benchmarks are likely to change due to the link with the expected ETS benchmarks for 2026-2030

Photo – The revised CBAM rules are expected to be adopted in early December.
The revised CBAM rules are expected to be adopted in early December.

About a dozen acts on implementation remain to be finalized

Photo – ArcelorMittal receives environmental permit for steel powder production in Spain
ArcelorMittal receives environmental permit for steel powder production in Spain

The new plant in Avilés will have a capacity of 1,800 tons per year and will supply high-tech industries

Photo – Hard autumn: mass incidents at European steel mills
Hard autumn: mass incidents at European steel mills

In recent months, an increasing number of companies in the EU steel industry have reported fires and production stoppages

Photo – Thyssenkrupp Steel leaves German steel association WV Stahl
Thyssenkrupp Steel leaves German steel association WV Stahl

Germany's largest steel producer leaves main industry association ahead of steel summit

Photo – Germany convenes steel summit in light of ongoing crisis in the sector
Germany convenes steel summit in light of ongoing crisis in the sector

Friedrich Merz invited the government and business community to discuss ways to support the industry on November 6.

Photo – Inflation in the eurozone slowed to 2.1% y/y in October
Inflation in the eurozone slowed to 2.1% y/y in October

The main factor behind the slowdown in the overall indicator was the decline in energy prices

Photo – ArcelorMittal completes sale of assets in Bosnia and Herzegovina
ArcelorMittal completes sale of assets in Bosnia and Herzegovina

ArcelorMittal Zenica and Prijedor were acquired by H&P, a member of the Pavgord Group

Photo – Belgium increased steel production by 12.2% m/m in September
Belgium increased steel production by 12.2% m/m in September

During January-September, production decreased by 0.7% y/y

Photo – The ECB has again kept key rates unchanged
The ECB has again kept key rates unchanged

The outlook for the economy remains uncertain

Photo – The EU economy grew by 0.3% q/q in Q3
The EU economy grew by 0.3% q/q in Q3

Sweden, Portugal, and the Czech Republic led the recovery

Photo – The EU imported 20.2 million tons of rolled steel in January-August
The EU imported 20.2 million tons of rolled steel in January-August

During the period, there has been a significant increase in shipments from Turkey, China, and South Korea

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