EU

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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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European countries increased applications for steel supplies to the United States in December

Germany and Spain doubled the volume of license applications in December

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EU construction fell by 1% m/m in November

Compared to November 2022, the indicator decreased by 2.1%

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Turkiye exhausts part of its import quotas for steel products to the EU for the first quarter

Quotas for some items have also already been chosen by China and India

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EU imported 2.36 million tons of DRI in January-November

The main volume of products was shipped from Russia and Libya – 1.06 million tons and 405 thousand tons, respectively

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Industrial production in the Eurozone decreased by 0.3% m/m in November

In the European Union, industrial production decreased by 0.2% m/m in November

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European CBAM could radically change trade flows – FT

The start of the implementation of the mechanism has already put China in an awkward position

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ArcelorMittal increases prices for hot-rolled steel in the EU by €50/t

The company relies on limited import opportunities and a low supply of products on the domestic market

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Inflation in the Eurozone accelerated to 2.9% y/y in December

The indicator increased growth rates for the first time since April 2023

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EU imported 240 thousand tons of Russian iron and steel products in October

The main share of imports falls on semi-finished products – 89.7% of the total volume of deliveries

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Construction in the European Union fell by 0.6% m/m in October

Compared to October 2022, the indicator decreased by 0.4%

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EU imported 2.18 million tons of direct reduction iron in January-October

The main volume of products was shipped from Russia and Libya – 999.51 thousand tons and 385.36 thousand tons, respectively

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