EU

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EU industry calls for action to restore competitiveness

Representatives of various sectors released the Antwerp Declaration – a ten-point plan

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EC approves €4.6 billion for German hydrogen projects

24 hydrogen production projects will be financed. Their total value reaches €8 billion

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Industrial production in the euro area and the EU grew by 2.6% m/m in December

Compared to December 2022, the indicator increased by 1.2%

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Spain’s Celsa considers selling steel plants in the EU and the UK

Plants in Poland, Norway and Great Britain are subject to alienation. The total market value of assets reaches €1.3 billion

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EU reduced greenhouse gas emissions by 7.1% y/y in Q3

The largest source of emissions was the electricity and gas supply sector – 23.7% of the total volume

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European CBAM will reduce China’s advantage in steel exports – Goldman Sachs

The introduction of the mechanism could have a serious impact on Chinese steel and aluminum producers

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EU pipe production to grow moderately during 2024-2025 – EUROFER

Production is expected to recover by 1.3% this year and 0.5% – in 2025, after a 2.4% drop in 2023

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EU should speed up authorization procedures – BusinessEurope

The time required to obtain permits is a barrier to investment in Europe

European steelmakers positively assessed the revision of EU safeguard measures

This is a step to further solve the problem of global overcapacity

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Construction volumes in the EU will decrease by 0.4% y/y in 2024 – EUROFER

In 2025, the indicators in the industry are expected to recover – by 2% y/y

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Ukraine needs to preserve autonomous trade measures with the EU – Taras Kachka

The country also needs an unblocked border to have access to the European market

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EU steel exports down 3% y/y in January-November – EUROFER

Rolled steel shipments decreased by 4% y/y

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