EU

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Tata Steel restarts blast furnace No. 6 in IJmuiden

The unit was idle for 10 months due to maintenance and force majeure

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EU approves €50 billion aid package for Ukraine

Funding will take place through Ukraine Facility program

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Weakening steel market complicates Thyssenkrupp’s negotiations with Czech investor

The company continues negotiations with the Czech billionaire regarding the possible sale of part of the European steel division

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Germany’s steel regions call for continuation of the EU’s protective measures on steel imports

Representatives of the country's federal lands formed the Steel Alliance

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EU reduced rolled steel import from third countries by 4.5% y/y in November

The export of steel products for the month increased by 6.4% y/y

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European steelmakers call for acceleration of negotiations on the Green Steel Club

Progress on the steel deal between the EU and the US has been slow

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Eurozone GDP remained unchanged in Q4 compared to Q3

The economy of the European Union also stabilized

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European Commission granted an opportunity to postpone the first report on CBAM

This solution is due to technical issues with the respective registry

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EU gas consumption decreased by 13.5% y/y in 2023

The indicator was lower than the average level of consumption for 2017-2021

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Italy increased imports of rolled products from third countries by 31.2% y/y in November

The export of steel products for the month decreased by 2.6% y/y

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EU reduced semi-finished products imports from Ukraine by 6.2% m/m in November

In January-November, deliveries of Ukrainian semi-finished products to EU countries fell by 11.6% y/y

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EU imported 203,000 tons of Russian iron and steel products in November

The main share of imports falls on semi-finished products – 83% of the total deliveries

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