EU

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The EU and India will negotiate on the application of CBAM

Indian industrialists are concerned about the future impact of the mechanism on the country's exports

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Ukraine and the EU discussed the possibility of restoring domestic steel industry

The industry has suffered significant losses due to the full-scale invasion of the Russian Federation

Svitlana Dubynina: «Despite the war, Zaporizhabrazive remains a reliable supplier for the EU»

Zaporizhzhia Abrasive Plant is the only national producer of abrasive products

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The EU extended the regime of duty-free trade with Ukraine for one year

The European Union suspends all tariffs, quotas and trade protection measures on Ukrainian exports until June 2024

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The EU increased imports of ferroalloys from Ukraine by 32.4% y/y in the first quarter

In March, deliveries of Ukrainian ferroalloys to EU countries fell by 35.5% m/m and by 43.2% y/y

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The European Commission recommended to curtail energy support measures in the EU by the end of 2023

New measures, if needed, should be aimed at protecting vulnerable households and businesses

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Construction in the European Union decreased by 1.2% y/y in March

Compared to February 2023, the indicator decreased by 1.9%

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Producers urge EU to lift steel import safeguards

The Italian Assofermet also made a corresponding request

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EU steel distributors significantly reduced inventory levels in the first quarter

The record maximum of reserves was recorded in December 2022

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The EU reduced imports of iron ore from Ukraine by 9.4% y/y in the first quarter

In March, deliveries of Ukrainian iron ore to EU countries increased by 42.4% m/m, but decreased by 3.1% y/y

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The European Union reduced imports of pig iron from Ukraine by 27.3% y/y in the first quarter

In March 2023, supplies of Ukrainian pig iron to EU countries have increased 4 times

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