EU

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EU to consider extension of safeguard measures on steel products

A new investigation was launched at the request of 14 bloc member countries

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EU cuts steel imports by 11% y/y in January-November – EUROFER

The import of rolled steel decreased by 13% y/y in 11 months

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Apparent steel consumption in the EU to grow by 5.6% y/y in 2024 – EUROFER

In 2023, the indicator is expected to decrease by 6.3% y/y

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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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