EU

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Voestalpine reduced revenue by 8.5% y/y in FY2023/2024

The company's EBITDA for the reporting period fell by 34.5% y/y

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EC starts working on a pilot mechanism for the development of the hydrogen market

The mechanism is designed to increase the transparency of supply and demand

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Marcegaglia acquires Ascometal steel plant in Fos-Sur-Mer

The company undertakes to invest €600 million in the modernization of the plant

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Eurozone inflation accelerated to 2.6% in May

The indicator grew stronger than analysts' forecast

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EU to extend safeguard measures on steel imports for another two years

A 15 percent restriction on imports of hot-rolled coils and wire rod under the remaining quarterly quota is also introduced

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European Union imported 1.11 million tons of Russian iron and steel products in Q1

The main share of imports falls on semi-finished products – 78.7% of the total volume of deliveries

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Romania plans to resume operation of Otelu Rosu steel plant

UMB's new investor will invest over €300 million to restart the company, which has been idle since 2013

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EU approves law on stimulating the production of green technologies

In particular, the law is intended to strengthen European industry in the face of competition from China and the United States

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Spain increased steel production by 13.7% y/y in April

During January-April, Spanish steelmakers increased steel output by 1.7% y/y

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European pipe producers support anti-dumping investigation into imports from China

Earlier, the European Commission announced the start of the procedure regarding the import of some Chinese seamless pipes

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US, Europe and China to dominate hydrogen supply – BloombergNEF

Projects in three markets will account for 80% of production

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EU increased DRI imports by 12.7% m/m in Q1

In March, the indicator fell by 36.6% y/y

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