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Photo – EU should support European steel industry – CEO of ArcelorMittal Europe
EU should support European steel industry – CEO of ArcelorMittal Europe

The industry is under the pressure of high costs and volumes of cheap imports

Photo – EU imported 10.2 million tons of iron and steel products from Ukraine in January-July
EU imported 10.2 million tons of iron and steel products from Ukraine in January-July

The main volumes of deliveries are steel raw materials – 9.37 million tons

Photo – A number of countries have exceeded the quota for hot-rolled steel since the beginning of Q4
A number of countries have exceeded the quota for hot-rolled steel since the beginning of Q4

Australia and Brazil have not yet used their quotas for these products in the «other countries» category

Photo – ArcelorMittal raises prices for steel coils in Europe by €40/t
ArcelorMittal raises prices for steel coils in Europe by €40/t

The company is bullish on current levels and has withdrawn all offers below €590/t

Photo – Eurozone inflation slowed to 1.8% in September
Eurozone inflation slowed to 1.8% in September

Analysts expected a reduction in the growth rate of consumer prices in September to 1.9%

Photo – EU distributors have a pessimistic forecast for Q4 2024 – EUROMETAL
EU distributors have a pessimistic forecast for Q4 2024 – EUROMETAL

The industry is likely bracing itself for a challenging finish to 2024 with potential price declines

Photo – EC studies the potential CBAM extension to processed products
EC studies the potential CBAM extension to processed products

The profile directorate of the European Commission is currently investigating the feasibility of such a step

Photo – EU should close loopholes for import of semi-finished products from Russia as soon as possible – Ryzhenkov
EU should close loopholes for import of semi-finished products from Russia as soon as possible – Ryzhenkov

Metinvest does not buy Russian slabs for its own European rolling mills, choosing Ilva as a key supplier

Photo – EU imported 3.36 million tons of steel raw materials from Russia in January-July
EU imported 3.36 million tons of steel raw materials from Russia in January-July

The main volume is accounted for by steel semi-finished products, DRI and pig iron

Photo – Ukraine resumed negotiations on joint control at checkpoints with the EU
Ukraine resumed negotiations on joint control at checkpoints with the EU

The issue of security of Ukrainian seaports and sea routes was also discussed

Photo – EU imported 1.69 million tons of DRI in January-July
EU imported 1.69 million tons of DRI in January-July

Imports increased by 4.8% y/y

Photo – Three countries may exhaust their export quota for hot-rolled coils to the EU in October
Three countries may exhaust their export quota for hot-rolled coils to the EU in October

In July, 39,000 tons of Japanese HRC were withdrawn from customs clearance

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