EU

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How Western sanctions affect Russian steel trade

The European market remained open for raw materials from the Russian Federation, the USA introduced minimal bans

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EUROFER calls on the European Union to include scrap in the list of critical raw materials

A high rate of raw material exports risks jeopardizing both Europe's strategic autonomy and its climate goals

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Inconsistency in EU and US approaches will affect global climate efforts

The EU reached a preliminary agreement on CBAM in December 2022

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Investments in the decarbonization of industry should remain in the EU

In 2023, the European Union will focus on supporting green technologies

Adolfo Aiello: CBAM should motivate non-EU steel producers to decarbonise

EUROFER Deputy Director General Climate and Energy about the deal on the Carbon Border Adjustment Mechanism and review the Emissions Trading System in EU

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The European Parliament approved the proposal on new rules for scrap export from the EU

EUROFER believes that stricter monitoring of exports to third countries is necessary

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The European Commission did not change its steel safeguards after the WTO dispute

At the same time, the EC amended the regulation in accordance with the rules of the World Trade Organization

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Industrial production in the Eurozone in November 2022 increased by 2% y/y

Industrial production in the Eurozone increased by 1% compared to October 2022, in the EU – by 0.9%

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India will seek easing of EU steel import quotas and tariffs

The country will also express concerns about the EU-proposed CBAM

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Electricity prices increased in most of Europe in December 2022

In 2022, the highest average monthly wholesale price in the EU was in August

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