EU

EU steel producers, in the midst of technological change, find themselves in a difficult situation

The indicator has been declining for the third month in a row

In one month, Austrian steelmakers produced 580,000 tons of steel

The proposal was submitted by Lithuania, the Czech Republic, Latvia and Estonia

The main consumers of long products in the EU last year were the US, UK and Switzerland

The main share of imports is semi-finished products – 78.5% of the total volume of deliveries

In January-February, the indicator decreased by 3.9% y/y

Quotas on imports of long products by some countries have actually been selected despite weak consumption in the EU

The industry is currently facing high energy prices and global overcapacity

Long products production grew by 30.8% m/m over the month, while flat products production fell by 14.6% m/m.

Compared to January 2023, the indicator increased by 0.1%

The export of products decreased by 14.4% y/y