EU

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How sanctions affect the import of Russian steel products to the EU

European producers continue to buy products from the Russian steel industry, since the current sanctions do not ban imports completely

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EU steel producers are pushing for tougher import restrictions

Cheap imported steel products occupy an increasingly large share of the European steel market

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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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