EU

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ArcelorMittal raises prices for hot-rolled coils to €700/t in Northern Europe

The company raised the price by €20/t due to increased demand and an expected reduction in steel imports to Europe

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Inflation in the euro area slowed to 2.2% y/y in March

Energy prices decreased by 0.7% over the month

More than 9 million tons of steel capacity idle in the EU

Most of the shutdown enterprises are managed by Liberty Steel Group

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European Commission considers changes to EU energy legislation – Reuters

This could be part of the next package of proposals to reduce bureaucratic burdens

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Belgium increased steel production by 5.9% y/y in January-February

In February, the country's steelmakers reduced steel production by 3.3% m/m, but increased it by 1% y/y

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The EU exported 16.7 million tons of scrap in 2024

More than 60% of deliveries are to Turkey

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Italy, France and Slovakia insist on amendments to CBAM

Countries call for reduction of red tape for companies

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France increased steel production by 21.2% m/m in February

During the month, French steelmakers produced 915 thousand tons of steel

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GravitHy raises €60 million for green steel project

French startup to invest in green steel and create 500 jobs

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The EU has been strengthening protective measures against steel imports since April

This should help European steelmakers increase production and regain market share

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Egyptian Ezz Steel to challenge EU anti-dumping duties on hot-rolled steel

The European market is one of the main export markets for the company

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