EU

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Inflation in the Eurozone accelerated to 2.9% y/y in December

The indicator increased growth rates for the first time since April 2023

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EU imported 240 thousand tons of Russian iron and steel products in October

The main share of imports falls on semi-finished products – 89.7% of the total volume of deliveries

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Construction in the European Union fell by 0.6% m/m in October

Compared to October 2022, the indicator decreased by 0.4%

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EU imported 2.18 million tons of direct reduction iron in January-October

The main volume of products was shipped from Russia and Libya – 999.51 thousand tons and 385.36 thousand tons, respectively

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EU and Ukraine steelmakers criticize the easing of sanctions against the Russian Federation

In particular, the decision is condemned by the steel company Metinvest and the European steel association EUROFER

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Transport visa-free regime increased Ukraine’s exports to the EU by 47.5% by road

Imports from the European Union increased by 44% during the 1.5 years of the agreement

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EUROFER expressed disagreement with the extension of quotas for the import of Russian semi-finished products

The association believes that this decision weakens sanctions and contradicts the EU's climate goals

Квоты ЕС на сталь вступили в силу. Что дальше? © shutterstock.com
How the 12th package of sanctions will affect iron and steel products imports to the EU

Restricting imports of pig iron from Russia is the most important decision in the new sanctions package

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EU reduced semi-finished products imports from Ukraine by 15.7% m/m in October

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

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EU introduced restrictions on the import of Russian pig iron

Among the new restrictions included in the 12th sanctions package is also a ban on the import of direct reduction iron

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EU increased iron ore imports from Ukraine by 9.2% m/m in October

In January-October, European steelmakers reduced the import of Ukrainian iron ore by 0.4% y/y

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