EU

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EU imported 1.18 million tons of DRI in January-May

Import volumes increased by 3.7% y/y

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EU launches anti-dumping investigation into g-coils from four countries

The relevant complaint was submitted to EUROFER in June 2024

European market expects potential retroactive duties on imports of hot-rolled steel

The upcoming EU investigation could affect trade sooner than expected

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Upcoming EU investigation could affect more than 50% of HRC’s imports – Argus

It is expected that the European Commission will soon launch an anti-dumping investigation into the import of steel coils from 4 countries

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ArcelorMittal Europe increased steel production by 7.8% y/y in January-June

During this period, steel shipments decreased by 0.5% y/y

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Vietnamese HRC exports may face an EU anti-dumping investigation

EC informed Vietnam about the receipt of the relevant complaint

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Eurozone inflation accelerated to 2.6% in July

Analysts expected a more moderate growth of the indicator – at the level of 2.4%

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Production in the EU automotive sector to decline by 3% in 2024 – EUROFER

In 2025, car production is expected to recover by 2.3% y/y

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Eurozone and EU GDP grew by 0.3% q/q in Q2

Compared to the same period in 2023, the indicator increased by 0.6% in the Eurozone and by 0.7% in the EU

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Construction volumes in the EU will decrease by 1.4% y/y in 2024 – EUROFER

In 2025, the indicator is expected to recover by 1.8% y/y

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EU cuts steel exports to third countries by 1% y/y in January-April – EUROFER

The export of rolled products increased by 3% y/y, in particular flat – by 2% y/y, and long – by 5% y/y

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EU increased imports of steel products by 11% y/y in January-April – EUROFER

The import of rolled products increased by 20% y/y, in particular flat – by 30% y/y, and graded – decreased by 9% y/y

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