EU - Latest news GMK Center

Steel mills plan to replace blast furnaces and oxygen converters with DRI and electric arc furnaces

The main part of the import fell on long rolled steel – 189.54 thousand. t

Increasing demand for DRI is encouraging the market to start new capacity

Ukraine has the potential to supply 20-25 million tons of raw materials for DRI production to the commercial market, providing 14% of the global market demand

Flat products accounted for the bulk of imports – 5.58 million tons

The main part of the import fell on long steel – 497.54 thousand. t

During January-November, Spanish steelmakers increased steel output by 2.4% y/y

Imports of certain categories of these products increased from 1.3 million tons in 2020 to 1.6 million tons by mid-2024

Imports increased by 3.6% y/y

Steel demand in Europe grows, while imports are restricted by anti-dumping measures

The introduction of this mechanism will complicate the export of electricity to the European Union

Compared to October 2023, the indicator fell by 0.8%