EU

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European Commission granted an opportunity to postpone the first report on CBAM

This solution is due to technical issues with the respective registry

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EU gas consumption decreased by 13.5% y/y in 2023

The indicator was lower than the average level of consumption for 2017-2021

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Italy increased imports of rolled products from third countries by 31.2% y/y in November

The export of steel products for the month decreased by 2.6% y/y

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EU reduced semi-finished products imports from Ukraine by 6.2% m/m in November

In January-November, deliveries of Ukrainian semi-finished products to EU countries fell by 11.6% y/y

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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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