EU

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European steel industry must decarbonize by 2030 – CEO of Arvedi Group

Otherwise, CO2 allowance prices could make the industry uncompetitive

Anton Makodziob: «Construction of the future involves increasing use of steel»

The company is currently increasing production and reorienting

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Tata Steel Europe reduced steel sales by 4% y/y in April-September

The division's steel production decreased by 17% y/y through the maintenance of one of the blast furnaces in the Netherlands

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EU plans anti-subsidy investigations into Chinese steelmakers – FT

The US has asked the bloc to take action in exchange for avoiding Section 232 tariff rollbacks

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NLMK Belgium lobbies extending quotas for the import of slabs from the Russian Federation for another 4 years

Imports of Russian-origin slabs to the EU will be stopped from October 2024, according to the eighth package of sanctions

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EU and the US seek to conclude a temporary steel agreement

In this way, the parties try to prevent the return of mutual duties

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EU reduced the import of flat rolled products from Ukraine by 42% y/y in January-July

In 7 months, the EU market consumed 395.95 thousand tons of flat rolled products of Ukrainian production

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The price of carbon emissions in the EU may reach €400/t by 2040 – forecast

Such values ​​can be achieved with a target range of 90% emission reduction

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EC has approved the acquisition of subsidiaries of Swiss Steel by France’s Jacquet

The sale agreement was concluded in February 2023

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EU reduced long rolled products imports from Ukraine by 223,000 tons in January-July

In 7 months, the EU market reduced the consumption of long rolled products of Ukrainian production by 26.2% y/y

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European Commission approved Liberty Steel’s acquisition of Hungarian Dunaferr

The EC concluded that the merger would not cause competition in the EU market, given the limited capabilities of the company

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