EU

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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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EU imported 3.36 million tons of steel raw materials from Russia in January-July

The main volume is accounted for by steel semi-finished products, DRI and pig iron

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Ukraine resumed negotiations on joint control at checkpoints with the EU

The issue of security of Ukrainian seaports and sea routes was also discussed

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EU imported 1.69 million tons of DRI in January-July

Imports increased by 4.8% y/y

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Three countries may exhaust their export quota for hot-rolled coils to the EU in October

In July, 39,000 tons of Japanese HRC were withdrawn from customs clearance

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EU steelmakers call for emergency duties on steel imports – Argus

This call is connected with a rapid increase in the import of steel to the EU, in particular hot-rolled coil

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European carbon price could rise to €250/t by 2034 – analysts

This will lead to the gradual abandonment of the free allocation of EU ETS quotas and the reduction of the emission limit

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Construction in the EU increased by 0.2% m/m in July

Compared to July 2023, the indicator fell by 2.4%

Long steel products market in the EU

High energy costs and stagnation in the economy restrain market development

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