EU

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EU market anticipates a large influx of imported products in the first days of October

China has already exhausted 80% of the quota for the import of electrical steel, 84% – for tin products, 50% – for seamless pipes

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Belgium reduced steel production by 23.5% m/m in August

In January-August, Belgian steelmakers reduced steel production by 9.5% y/y

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The effectiveness of CBAM remains to be confirmed – EUROFER

The initial stage will be crucial to assess the reliability of the mechanism

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Eurozone inflation slowed to 4.3% in September

Analysts predicted a slowdown to 4.5%

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European rolled steel producers may reduce production in the fourth quarter

Thus, EU steelmakers will try to balance supply and demand

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Construction in the European Union increased by 0.7% m/m in July

Compared to July 2022, the indicator increased by 0.9%

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Exporting countries exhausted the EU quotas for the III quarter for some items

The volumes of deliveries of certain steel products before the end of the quota period were exceeded

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European Union imported 140.2 thousand tons of pig iron from Ukraine вuring January-July

In July, deliveries of Ukrainian products to the EU amounted to 11.3 thousand tons

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The implementation of CBAM may lead to an increase in prices for steel imports to the EU

European steelmakers are also concerned about the mechanism's impact on exports from the bloc

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European Union imported 318,100 tons of Russian iron and steel products in July

The main share of imports is pig iron – 61.7% of the total volume of supplies

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EU may adjust quotas for rolled goods amid growing imports – traders

Construction investment in Europe fell, as did steel prices

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