EU

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Industrial production in the EU decreased by 0.1% m/m in July

In the Eurozone, this indicator decreased by 0.3% m/m

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The ECB cut all three key interest rates

The deposit rate was cut by 25 basis points to 3.5%

EU flat steel market in 2010-2023

The share of imports in the domestic consumption of steel during 2021-2023 increased and remains at record levels

EU scrap market balance

The EU steel industry has a huge unrealized potential to increase scrap consumption to meet the goals of reducing carbon emissions and developing a circular economy

EU steel industry urgently needs a clean industry agreement – EUROFER

Recent developments in the industry and supply chains are signs of a steady deterioration

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EU imported 2.9 million tons of steel raw materials from Russia in H1 2024

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

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EU quota for imports of Russian pig iron in 2024 is completely exhausted

The quota for the current year is 1.14 million tons, and its volumes have been exhausted with an expected surplus at the level of 2.2 thousand tons

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Eurozone inflation slowed to 2.2% in August

The results coincided with analysts' expectations

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EU imported 1.35 million tons of DRI in January-June

Import volumes increased by 0.4% y/y.

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Construction in the EU increased by 1.4% m/m in June

Compared to June 2023, the indicator fell by 0.1%

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ArcelorMittal Europe launches low-carbon transport for steel delivery

The initiative allows to reduce CO2 emissions from road transport by about 90%

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Industrial production in the Eurozone fell by 0.1 m/m in June

In the EU, this indicator remained unchanged compared to May

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