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EU - Latest news GMK Center

Photo – Eurozone inflation accelerated to 2% in October
Eurozone inflation accelerated to 2% in October

Analysts expected an increase in the growth rate of consumer prices to 1.9%

Photo – EU cuts imports of steel products by 7% y/y in January-July – EUROFER
EU cuts imports of steel products by 7% y/y in January-July – EUROFER

Imports of rolled steel increased by 7% y/y

Photo – EU’s GDP grew by 0.3% q/q in Q3
EU’s GDP grew by 0.3% q/q in Q3

Compared to the same period in 2023, the indicator increased by 0.9%

Photo – Pipe production in the EU to fall by 2% y/y in 2024 – EUROFER
Pipe production in the EU to fall by 2% y/y in 2024 – EUROFER

In 2025, a moderate recovery of the production activity of the industry is expected – by 0.8% y/y

Photo – EU has increased opportunities for Ukraine to import electricity in winter
EU has increased opportunities for Ukraine to import electricity in winter

From December 1, the maximum capacity for import will be 2.1 GW

Photo – EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y
EUROFER downgraded its forecast for apparent steel consumption in the EU in 2024 to -1.8% y/y

Expectations regarding the growth of the indicator in 2025 have also been reduced to +3.8% y/y

Photo – EU has started the process of registering imports of hot-rolled steel from four countries
EU has started the process of registering imports of hot-rolled steel from four countries

This step will allow anti-dumping duties to be levied retroactively if necessary

Photo – Crisis in the EU steel industry – politicians are intensifying efforts to help the sector
Crisis in the EU steel industry – politicians are intensifying efforts to help the sector

Representatives of the Ukrainian steel sector expect that the Ukrainian authorities will also pay more attention to the problems of the sector

Photo – Spain increased steel production by 16.5% m/m in September
Spain increased steel production by 16.5% m/m in September

During January-September, Spanish steelmakers increased steel output by 3.4% y/y

Photo – LKAB reduced iron ore production by 12% y/y in January-September
LKAB reduced iron ore production by 12% y/y in January-September

Raw material supplies to customers decreased by 19.1% y/y

Photo – Why Ukraine has a chance to get a special regime of CBAM
Why Ukraine has a chance to get a special regime of CBAM

The CBAM regulation provides for the possibility of an exception in case of force majeure

Photo – CBAM may endanger integration of Ukraine into the EU
CBAM may endanger integration of Ukraine into the EU

Ukraine needs time to adapt to European regulation

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