EU

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Ukraine became a full participant in the EU infrastructure development program

The implementation of the program, in particular, will contribute to the improvement of transport connections with the EU and the establishment of exports

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European Union imported 285.2 thousand tons of Russian steel products in September

The main share of imports falls on semi-finished products – 54.6% of the total volume of deliveries

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EU imported 2.03 million tons of DRI in January-September

The main volume of products was shipped from Russia and Libya – 955.4 thousand tons and 365.95 thousand tons, respectively

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Construction in the European Union increased by 0.5% m/m in September

Compared to September 2022, the indicator increased by 0.1%

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EU reduced imports of iron ore from Ukraine by 9.3% m/m in September

In January-September, European steelmakets reduced the import of Ukrainian iron ore by 4% y/y

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The Czech Republic is lobbying for continued import of Russian slabs into the EU

The country is pushing for continued supplies of Russian products despite the 8th package of sanctions

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Global scrap market in 2023: current trends

More and more countries recognize scrap as a strategic raw material and limit exports

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Ukraine is ready to export up to 1.5 million tons of additional pig iron to the EU market

Ukrainian suppliers are ready to replace the products of Russian producers on the EU market in case of sanctions on pig iron and steel from the Russian Federation

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EU reduced greenhouse gas emissions by 5.3% y/y in Q2

The largest source of emissions was the processing industry – 23.5% of the total volume

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Industrial production in the Eurozone grew by 1.1% m/m in September

Compared to September 2022, industrial production in the Eurozone fell by 6.9%, in the EU – by 6.1%

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EU is considering the introduction of restrictions on the import of Russian pig iron – mass media

In January-September 2023, EU increased the import of pig iron from the Russian Federation by 40% y/y

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EC downgraded its forecast for eurozone GDP growth in 2023 to 0.6% y/y

Eurozone economy expected to grow by 1.2% in 2024

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