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Photo – The European Commission starts reviewing safeguard measures on steel imports
The European Commission starts reviewing safeguard measures on steel imports

The investigation was launched at the request of 13 member states of the bloc

Photo – Carbon price in the EU will reach €74/t in 2025 – ING forecast
Carbon price in the EU will reach €74/t in 2025 – ING forecast

The bank sees a trend of price growth next year, but more modestly than expected

Photo – Industrial production in the EU increased by 0.3% m/m in October
Industrial production in the EU increased by 0.3% m/m in October

In an annual comparison, this indicator fell by 0.8% m/m

Photo – ArcelorMittal suspends wire rod production in Gijon due to market downturn
ArcelorMittal suspends wire rod production in Gijon due to market downturn

The decision was driven by low demand for steel and high volumes of imports from outside the EU

Photo – The ECB downgraded its forecast for eurozone GDP growth in 2024
The ECB downgraded its forecast for eurozone GDP growth in 2024

The forecast for the current year is 0.7%, compared to 0.8% expected in September

Photo – ECB cuts key interest rates again
ECB cuts key interest rates again

The deposit rate will be 3%

Photo – Accident at Mosel River lock complicates transportation of scrap
Accident at Mosel River lock complicates transportation of scrap

Blocking of 70 ships has hampered the supply of raw materials to leading EU steel mills

Photo – EUROFER and industriaALL call for a steel summit
EUROFER and industriaALL call for a steel summit

The meeting is to discuss urgent issues and an action plan for sustainable development

Photo – CBAM and quota system create problems for EU steel industry – Assofermet
CBAM and quota system create problems for EU steel industry – Assofermet

If the requirements of the mechanism are not relaxed, this will threaten steel consuming sectors

Photo – EU to consider extending restrictions on steel imports – Sejourne
EU to consider extending restrictions on steel imports – Sejourne

European steel industry needs protection during decarbonization

Photo – EC to focus on strategic industries – Sejourne
EC to focus on strategic industries – Sejourne

The new vice-president of the EC expressed concern about a potential global trade war

Photo – “Pain points” of European iron & steel industry
“Pain points” of European iron & steel industry

Weak market forces European steelmakers to cut costs, jobs, delay wage payments

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