EU

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New EU rules on waste transport will affect scrap exporters

The revised regulation is likely to enter into force in 2024

CBAM is a real challenge for the European steel industry

Ukrainian exporters to the EU should keep abreast of the future details of CBAM implementation as the mechanism is still being developed

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Eurozone GDP increased by 0.1% q/q in the first quarter

In annual terms, GDP growth amounted to 1.3%

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The volume of construction in the European Union increased by 2% m/m in February

The volume of production in the construction sector of the Eurozone increased by 2.3% for the month

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India is cooperating with the EU on CBAM implementation

The country is taking steps to reduce carbon emissions in industry

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The use of EU steel import quotas accelerated in the second quarter

In the first quarter, a slowdown in the rate of quota utilization was observed amid reduction in imports of key types of steel

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The EU extended anti-dumping measures to the import of stainless steel coils from Turkiye

The European Commission has established that Turkish companies are actually helping Indonesian companies to circumvent previously introduced protective measures

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The European Parliament approved the CBAM and the reform of the emissions trading system

CBAM will apply from October 1, 2023, with a transitional period

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The EU will develop transport links with Ukraine and Moldova

Major TEN-T projects to be completed by the end of 2030

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EU steel market is under pressure of limited supplies

Problems of local steel plants hinder finding balance between demand and supply

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Industrial production in the Eurozone fell by 0.5% m/m in February

Compared to February 2022, industrial production in the Eurozone increased by 13.2%, and in the EU – by 14.5%

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Import quotas in the EU remained unused in the first quarter

Quotas for most products were selected slowly

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