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Photo – Blaming imports won’t save European steel industry
Blaming imports won’t save European steel industry

European steel market requires smarter policy, not just protectionism

Photo – The EU may impose tariffs of 25-50% on Chinese steel – Handelsblatt
The EU may impose tariffs of 25-50% on Chinese steel – Handelsblatt

The bloc also plans to link public procurement to European products

Photo – Voestalpine has begun construction on Austria’s largest climate project
Voestalpine has begun construction on Austria’s largest climate project

The €170 million project is being implemented in cooperation with Primetals Technologies and Rio Tinto

Photo – France demands protection of steel industry as a condition for supporting EU climate goals
France demands protection of steel industry as a condition for supporting EU climate goals

Paris is also seeking a review of the CBAM before it enters into force

Photo – The EU seeks to resume negotiations with the US on steel tariffs
The EU seeks to resume negotiations with the US on steel tariffs

The European Commission has proposed that the United States abolish or reduce tariffs within quotas

Photo – How to start a new business in steel construction in times of war: the story of METSYS
How to start a new business in steel construction in times of war: the story of METSYS

The company already exports 40% of its production and plans to produce 1000 tons per month by the end of this year

Photo – EU needs urgent measures to restore competitiveness of steel industry – EESC
EU needs urgent measures to restore competitiveness of steel industry – EESC

The European Economic and Social Committee presented its opinion on the EU Action Plan for Steel and Metals

Photo – Acquisition of Thyssenkrupp division could help Jindal Steel with European CBAM
Acquisition of Thyssenkrupp division could help Jindal Steel with European CBAM

Hypothetical European asset could offer a number of other advantages

Photo – Poland’s JSW adjusts annual production plan due to another mine fire
Poland’s JSW adjusts annual production plan due to another mine fire

The company declared force majeure after an incident at the Borynia-Zofiówka mine

Photo – EU imported 3.37 million tons of iron and steel products from Russia in January-July
EU imported 3.37 million tons of iron and steel products from Russia in January-July

The bulk of imports consisted of cast iron, semi-finished steel products, and direct reduced iron

Photo – European carbon market prepares for future changes
European carbon market prepares for future changes

In two weeks of September, carbon prices rose above €77/t

Photo – One third of companies stopped ordering stainless steel due to US duties – Outokumpu
One third of companies stopped ordering stainless steel due to US duties – Outokumpu

Due to high tariffs and weak demand, the company expects new restrictions on steel imports to the EU in the fall

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