EU

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Eurozone inflation slowed to 2.5% in June

The indicator increased in accordance with the forecast of analysts

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US reduced imports of pig iron from Ukraine by 19% y/y in January-April

The share of Ukrainian products in the total amount of iron imports by US steelmakers is more than 20%

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EU officially extends safeguard measures on steel imports for two years

EUROFER called for further fight against excess capacities, Assofermet sees risks for the market

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Ukraine needs to intensify negotiations with EU on CBAM

The optimal option is to recognize force majeure and apply a declaratory approach to Ukrainian imports subject to CBAM

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Spain increased steel production by 9.9% y/y in May

During January-May, Spanish steelmakers increased steel output by 3.3% y/y

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Poland imported 729.5 thousand tons of steel from third countries in January-April

The main part of the import fell on flat rolled products – 543.4 thousand tons

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Ukraine and the EU extended the transport visa-free regime

The document provides for the possibility of automatic extension of the agreement until the end of 2025

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EC notes inconsistencies in 2030 climate ambitions

European industry still faces relatively high energy prices

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Italy imported 1.93 million tons of steel from third countries in January-April

The export of steel products for 4 months amounted to 885.4 million tons

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EU increased DRI imports by 8.1% y/y in January-April

In April, the indicator decreased by 1.7% y/y

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

Compared to April 2023, the indicator fell by 0.9%

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European Union imported 1.52 million tons of Russian iron and steel products in January-April

The main share of imports falls on semi-finished products – 79.3% of the total volume of supplies

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