EU

The EU increased imports of direct reduced iron by 5.4% y/y in 2024

More than 38% of supplies come from Russia

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Italy increased steel production by 5.9% m/m in February

In January-February, the indicator grew by 1.2% y/

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Germany reduced steel production by 13.5% y/y in February

Since the beginning of the year, the indicator has decreased by 13.1% y/y

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UK considers linking its ETS to the EU carbon market

Currently, prices in the UK emissions trading system are significantly lower than in Europe

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The share of renewable energy in the EU increased to 46.9% in 2024

Denmark became the leader in green power generation

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EU reduced energy imports by 7.1% y/y in 2024

In value terms, these imports fell by 16.2% year-on-year

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Recycling associations concerned about EC proposals in steel and metals action plan

In turn, steelmakers point to the need for a scrap conservation policy in Europe

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EU postpones retaliatory duties on US goods until mid-April

Brussels seeks to minimize the negative effects of the trade conflict on the economy

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Hoberg & Driesch acquires a stake in Salzgitter’s pipe business

The deal will allow Hoberg & Driesch to strengthen its market position and expand its product range

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Huta Częstochowa is exploring opportunities for cooperation with Rurexpol pipe rolling plant

Pipe company is in the process of liquidation due to rising costs and declining competitiveness

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Steel and Metals Action Plan requires immediate implementation – EUROFER

European steelmakers say energy prices remain a problem

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Construction in the EU increased by 0.2% m/m in January

Compared to January 2024, the figure increased by 0.2%.

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