EU

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Consumption of steel products in the EU in 2022 fell by 7.2% – EUROFER

Apparent steel consumption expected to fall 1% in 2023

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Eurozone inflation accelerated to 7% in April

At the same time, core inflation slowed to 5.6%

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Ukraine continues its integration into the EU single market

The country uses the standards of the European Union, building the internal market

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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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