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EU - Latest news GMK Center

Photo – EU imported 1.35 million tons of DRI in January-June
EU imported 1.35 million tons of DRI in January-June

Import volumes increased by 0.4% y/y.

Photo – Construction in the EU increased by 1.4% m/m in June
Construction in the EU increased by 1.4% m/m in June

Compared to June 2023, the indicator fell by 0.1%

Photo – ArcelorMittal Europe launches low-carbon transport for steel delivery
ArcelorMittal Europe launches low-carbon transport for steel delivery

The initiative allows to reduce CO2 emissions from road transport by about 90%

Photo – Industrial production in the Eurozone fell by 0.1 m/m in June
Industrial production in the Eurozone fell by 0.1 m/m in June

In the EU, this indicator remained unchanged compared to May

Photo – EU imported 1.18 million tons of DRI in January-May
EU imported 1.18 million tons of DRI in January-May

Import volumes increased by 3.7% y/y

Photo – EU launches anti-dumping investigation into g-coils from four countries
EU launches anti-dumping investigation into g-coils from four countries

The relevant complaint was submitted to EUROFER in June 2024

Photo – European market expects potential retroactive duties on imports of hot-rolled steel
European market expects potential retroactive duties on imports of hot-rolled steel

The upcoming EU investigation could affect trade sooner than expected

Photo – Upcoming EU investigation could affect more than 50% of HRC’s imports – Argus
Upcoming EU investigation could affect more than 50% of HRC’s imports – Argus

It is expected that the European Commission will soon launch an anti-dumping investigation into the import of steel coils from 4 countries

Photo – ArcelorMittal Europe increased steel production by 7.8% y/y in January-June
ArcelorMittal Europe increased steel production by 7.8% y/y in January-June

During this period, steel shipments decreased by 0.5% y/y

Photo – Vietnamese HRC exports may face an EU anti-dumping investigation
Vietnamese HRC exports may face an EU anti-dumping investigation

EC informed Vietnam about the receipt of the relevant complaint

Photo – Eurozone inflation accelerated to 2.6% in July
Eurozone inflation accelerated to 2.6% in July

Analysts expected a more moderate growth of the indicator – at the level of 2.4%

Photo – Production in the EU automotive sector to decline by 3% in 2024 – EUROFER
Production in the EU automotive sector to decline by 3% in 2024 – EUROFER

In 2025, car production is expected to recover by 2.3% y/y

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