EU

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India will seek easing of EU steel import quotas and tariffs

The country will also express concerns about the EU-proposed CBAM

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Electricity prices increased in most of Europe in December 2022

In 2022, the highest average monthly wholesale price in the EU was in August

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European consumers will continue limited purchases of steel in 2023

Uncertainty in the market encourages buyers to short-term deals

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The US is concerned about the EU’s cross-border carbon tariff

American lawmakers believe that the introduction of CBAM could become problematic for the United States

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European steelmakers reduced steel production in November 2022

In Germany, steel output fell by 11.8% m/m, in Italy – by 7.9% m/m

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Steel “Ramstein”, or what EU and US can really do for Ukraine

Ukraine needs cancellation of anti-dumping duties in USA and prolongation of trade without duties with EU

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Industrial production in the Eurozone in October 2022 increased by 3.4% y/y

Industrial production in the Eurozone fell by 2%, in the EU – by 1.9% compared to September 2022

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The EU is introducing a border tariff on carbon emissions

The tariff will apply to imports of iron, steel and aluminum

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US and EU climate tariffs could hit China and other markets

In 2021, Chinese steelmakers exported more than 3 million tons of steel to the EU

The price of carbon emissions in the EU will be stable until the end of 2022

The increase in electricity consumption in the EU will have a limited impact on the cost of the EUA

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EU may increase safeguard measures on Asian steel imports

The European Commission may add individual quotas for some suppliers from Southeast Asia

Electricity prices in Europe rose in November due to cold weather

European prices in late November and early December were also affected by the decline in wind power capacity

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