EU

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EU increased imports of iron and steel products by 19% y/y in January

The export of products decreased by 14.4% y/y

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EU has finally approved the strategy of providing the bloc with critical raw materials

CRMA defines a list of 17 strategic elements and a list of 34 critical materials

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Ukraine exported 1.36 million tons of iron ore to the EU in January

Ukrainian suppliers accounted for 21.3% of total EU iron ore imports

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EU increased imports of direct reduced iron by 68% y/y in January

The bulk of the products were shipped from Russia, Libya and Venezuela – 187.45 tons, 21.45 thousand tons and 29 thousand tons, respectively

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ECB may start cutting interest rates in June

The decline will occur if the economic forecasts for the coming months come true

EU reduced exports of flat products by 7.7% y/y in 2023

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

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EU extends anti-dumping measures against corrosion-resistant steel from China

The European Commission has decided to maintain the current anti-dumping duties for another five years

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Industrial production in the EU decreased by 2.1% m/m in January

Compared to January 2023, the figure decreased by 5.7%.

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Ukraine to receive €6 billion from the EU in the next two months

The government approved the documents regarding transitional financing through framework of the Ukraine Facility

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Electricity prices in Europe fell significantly in February

In most markets, they reached their lowest levels since the first half of 2021

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European Parliament Committee approves extension of duty-free trade with Ukraine

Previously, such a decision was approved by the ambassadors of the member states of the bloc through the Committee of Permanent Representatives

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European CBAM shows first reporting problems

Only a small number of companies met the deadlines for submitting the first reports under the mechanism

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