EU

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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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EU seeks to eliminate the imbalance in steel trade with the US

The bloc wants certainty about US tariffs and tariff quotas on European steel and aluminum

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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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