EU

dimaxtd.com.ua
Import volumes of Turkish rebar in European ports have already exceeded the EU quota

On October 3, the price of rebar from Türkiye was at the level of $682.5/t

EU increased pig iron imports from Russia by 2.5 times y/y in 2Q 2022

Russian suppliers are gradually occupying the traditional export markets of Ukrainian steel plants

European steel producers fear a deepening recession due to the energy crisis

The steel sector replenishes the budgets of European countries with tens billions of euros, but mass shutdowns of capacities will negatively affect the amount of tax revenues

ilfattoquotidiano.it
Rebar producer Acciaierie di Sicilia will temporarily stop production in Catania

Having worked for only a week after the previous downtime, the company shuts down again due to high electricity prices

Megasa will temporarily stop night production due to high electricity prices

With this step, the company expects to reduce electricity costs without stopping production

The European energy crisis created new opportunities for Asian steel producers

Also, the rise in energy prices and the war in Ukraine put the ambitious green transition of European steelmakers on pause

Sweden will receive an EU grant of €155.7 million for decarbonization and transformation of steel industry

Industrial regions of the country account for a significant share of greenhouse gas emissions, the main sources of which are the iron and steel industries

EU decreased steel production by 6.7% y/y in July 2022

Fifteen European plants suspended or plan to suspend steel production

The EU agreed with Turkey on the date of abolition of import tariffs on steel

Imports of Turkish steel are subject to tariff quotas

Ukraine received €500 million macro-financial assistance from the European Union

On August 2, it is planned to receive another €500 million

EU decreased steel production by 6.8% y/y in May 2022

Nine European plants fully or partially suspended steel production

EU comes back to coal power

Four European countries plans to place 13.5 GW of coal power plants in supply reserves

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