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Rebar producer Acciaierie di Sicilia will temporarily stop production in Catania

Having worked for only a week after the previous downtime, the company shuts down again due to high electricity prices

Megasa will temporarily stop night production due to high electricity prices

With this step, the company expects to reduce electricity costs without stopping production

The European energy crisis created new opportunities for Asian steel producers

Also, the rise in energy prices and the war in Ukraine put the ambitious green transition of European steelmakers on pause

Sweden will receive an EU grant of €155.7 million for decarbonization and transformation of steel industry

Industrial regions of the country account for a significant share of greenhouse gas emissions, the main sources of which are the iron and steel industries

EU decreased steel production by 6.7% y/y in July 2022

Fifteen European plants suspended or plan to suspend steel production

The EU agreed with Turkey on the date of abolition of import tariffs on steel

Imports of Turkish steel are subject to tariff quotas

Ukraine received €500 million macro-financial assistance from the European Union

On August 2, it is planned to receive another €500 million

EU decreased steel production by 6.8% y/y in May 2022

Nine European plants fully or partially suspended steel production

EU comes back to coal power

Four European countries plans to place 13.5 GW of coal power plants in supply reserves

Railway cars conjunctions at Ukraine’s border crossings reduced to 36,000

In June, freight cars total at the border with the EU decreased by 5,700 units

Ukraine to discuss some rules on CBAM participation with EU

Ukrainian businesses expect exporters to pay more than €1bn in carbon taxes

Iron ore market in EU is waiting for redistribution

Diversification of supplies is required due to expected export cut from Ukraine

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