EU

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EU reduced steel exports by 2% y/y in January-February

Rolled steel shipments during this period increased by 9% y/y

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Germany imported 155 thousand tons of steel from third countries in January-February

The main part of the import fell on long-rolled goods – 112.33 thousand tons

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Eurozone and EU GDP grew by 0.3% q/q in Q1

Compared to the same period in 2023, the indicator increased by 0.4% in the Eurozone and by 0.5% in the EU

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EU increased imports of steel products by 4% y/y in January-February – EUROFER

The import of rolled products increased by 20% y/y, in particular flat – by 33% y/y, and graded decreased by 15% y/y

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Ukraine and the EU start negotiations on the extension of the transport visa-free regime

EC proposes to extend the agreement for at least 12 months with the possibility of extending it later for another six months

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Poland increased steel production by 17.6% m/m in March

In January-March, the indicator decreased by 3.4% y/y

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EUROFER downgrades its forecast for apparent steel consumption in the EU in 2024 to +3.2%

Expectations regarding the growth of the indicator in 2025 have improved – from +2.9% y/y to +5.4% y/y

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EU should better restrict steel imports from Asia — Acerinox CEO

The bloc should introduce more tariffs, following the US, says the company's CEO

EU duty abolition helped Ukrainian steel industry to survive the war, — Andriy Kryl

There are hopes that the relatively free access of Ukrainian companies to the European market will be preserved

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Spain reduced steel production by 9.7% y/y in March

During January-March, Spanish steelmakers reduced steel output by 2.3% y/y

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EU increased imports of semi-finished products from Ukraine by 22% y/y in January-February

In February, deliveries of Ukrainian products to the EU amounted to 100,000 tons

Overcoming CBAM challenges for Ukraine and the EU

Solving the existing problems depends on cooperation between Ukrainian and European authorities

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