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Photo – Austria increased steel production by 36.5% y/y in September
Austria increased steel production by 36.5% y/y in September

During January-September, the industry's production indicators grew by 2.4% year-on-year

Photo – EU reduced rolled steel exports by 9.2% y/y in January-August
EU reduced rolled steel exports by 9.2% y/y in January-August

The bulk of deliveries are to the UK and the US

Photo – New EU sanctions package against Russia includes steel company Evraz
New EU sanctions package against Russia includes steel company Evraz

Market players are trying to predict the consequences of this decision

Photo – EU imported 3.59 million tons of iron and steel products from Russia in January-August
EU imported 3.59 million tons of iron and steel products from Russia in January-August

Pig iron, semi-finished steel products and direct reduced iron account for the bulk of the volume

Photo – Gas prices in Europe fluctuated within a limited range in October
Gas prices in Europe fluctuated within a limited range in October

Analysts predict that wholesale prices will depend on weather conditions in winter

Photo – European steel distributors lowered expectations for Q4 activity
European steel distributors lowered expectations for Q4 activity

However, according to the Eurometal survey, price sentiment in the sector is improving

Photo – Spain increased steel production by 11% m/m in September
Spain increased steel production by 11% m/m in September

Over 9 months, the indicator increased by 2.2%, reducing the growth rate to the lowest level since the beginning of the year

Photo – The EU reduced imports of direct reduced iron by 24.8% y/y in January-August
The EU reduced imports of direct reduced iron by 24.8% y/y in January-August

The indicator was affected by a significant decline in imports by Germany and the Netherlands

Photo – Federacciai supports the Italian government’s position on the EU Green Deal
Federacciai supports the Italian government’s position on the EU Green Deal

The federation believes that decarbonization should be supported with tools that meet economic realities

Photo – UK seeks sustainable alliance with EU to counter China – Politico
UK seeks sustainable alliance with EU to counter China – Politico

London hopes that this will help to obtain exemptions from the new protective measures of the bloc

Photo – France cut steel production by 20.8% y/y in September
France cut steel production by 20.8% y/y in September

In January-September, French steelmakers decreased by 9.7% y/y

Photo – Polish HIPH hopes for rapid implementation of EU steel safeguard measures
Polish HIPH hopes for rapid implementation of EU steel safeguard measures

The EC proposal is a change in approach to WTO rules

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