EU

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EU industrialists call for accelerated deployment of wind power

Industry associations believe this will help ensure the survival of the bloc's industrial base

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EU imported 5.1 million tons of iron ore from Ukraine in January-April

Ukrainian suppliers accounted for 20.8% of the total volume of imports of the EU's iron ore

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Industrial production in the EU increased by 0.5% m/m in April

Compared to April 2023, the indicator decreased by 2%

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EU may impose restrictions on imports of steel products from Russia following the example of agrarian ones – Kachka

Increased EU tariffs on Russian and Belarusian agricultural products come into force on July 1

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Liberty Steel plans to sell steel plant in Ostrava – Argus

The company is withdrawing the restructuring plan, as its execution is hindered by the weak steel market in Europe and other factors

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Demand on the global long steel market is lower than supply – IREPAS

Market players expect China to slow its exports

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EU signs first guarantee agreements for €1.4 billion under the Ukraine Facility

Thus, the investment component of the program – Ukraine Investment Framework – was launched

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Revision of EU protective measures will lead to a shortage of hot-rolled steel – Assofermet

The association believes that the future shortage of steel will have a negative impact on several sectors

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European Central Bank cuts key interest rates

The base rate for loans will be 4.25%, the rate for deposits will be 3.75%

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ArcelorMittal announces price increases for long products across Europe

This step is due to high production costs and the need to restore margins

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The Netherlands supports €3 billion in green subsidies for Tata Steel IJmuiden

The funds will be used to modernize the enterprise and reduce its environmental impact

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Traders are concerned about the EU’s decision to extend protective measures on steel imports

Market participants are particularly concerned about the proposal to limit the use of the quota for other countries for hot-rolled steel

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