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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

Photo – Inflation in the euro area accelerated to 2.3% y/y in November
Inflation in the euro area accelerated to 2.3% y/y in November

The indicator corresponds to analysts' expectations

Photo – ECB President calls for avoiding trade confrontation between the EU and the US
ECB President calls for avoiding trade confrontation between the EU and the US

Christine Lagarde warned that a trade war would lead to a decline in global GDP

Photo – Liberty Steel in Dudelange is on the verge of bankruptcy
Liberty Steel in Dudelange is on the verge of bankruptcy

Delayed salaries, a long search for an investor and lack of government support put the company's future in question

Photo – The new European Commission will focus on innovation and economic security
The new European Commission will focus on innovation and economic security

Ursula von der Leyen, among other things, announced a set of actions to preserve the competitiveness of the EU

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