EU

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European steel is strategically important for EU climate goals – CEO of EUROFER

European steelmakers are implementing more than 60 decarbonization projects

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Italian steel distributors fight for higher HRC prices

Taking into account European trade measures on imported products, local steel sales will increase

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Lack of CCS infrastructure is a risk for EU industrial decarbonisation

Industrialists are in favor of maintaining the existing target for the creation of CO2 storage facilities at the EU level

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EU aims to reach a steel agreement with the US by the end of the year

The parties failed to reach an agreement at the summit in October

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How Ukrainian steel industry is integrating into EU

Domestic steel industry is already part of the European industry

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US and the EU should overcome differences regarding the steel agreement – experts

Politicians probably need more time to agree on the details

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Production in the EU construction sector will decrease by 1.7% y/y in 2023

In 2024, the industry will recover slightly – by 0.2% y/y

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Production in the EU automotive industry will grow by 7% y/y in 2023

In the second quarter of 2023, the volume of car production in the EU increased by 9.5% q/q

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EU reduced the export of steel products by 5% y/y in January-August

Shipments of rolled steel to third countries decreased by 6% y/y

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Steel imports to the EU in Q2 decreased by 10% y/y

In January-August 2023, European consumers reduced steel imports by 19% y/y

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Inflation in the Eurozone in October slowed to a minimum since July 2021

In October, the indicator increased by 2.9% y/y

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