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Photo – Industrial production in the EU in May decreased by 0.8% m/m
Industrial production in the EU in May decreased by 0.8% m/m

Compared to May 2023, the indicator decreased by 2.5%

Photo – Italian distributors reduced steel sales by 15% y/y in the first half of the year
Italian distributors reduced steel sales by 15% y/y in the first half of the year

The negative trend is explained by consistently low prices for products

Photo – Industrial production in France fell by 2.1% m/m during May
Industrial production in France fell by 2.1% m/m during May

Production in steel industry fell by 3.1% m/m

Photo – High costs for electricity in the EU will remain in the transition to net zero – BusinessEurope
High costs for electricity in the EU will remain in the transition to net zero – BusinessEurope

Providing electricity at competitive prices will be crucial for preserving Europe's industrial base

Photo – Ukraine reduced exports to the EU by 9.7% y/y in the first half of the year
Ukraine reduced exports to the EU by 9.7% y/y in the first half of the year

Export of goods to consumers of the European Union reached $10.97 billion

Photo – Eurozone inflation slowed to 2.5% in June
Eurozone inflation slowed to 2.5% in June

The indicator increased in accordance with the forecast of analysts

Photo – US reduced imports of pig iron from Ukraine by 19% y/y in January-April
US reduced imports of pig iron from Ukraine by 19% y/y in January-April

The share of Ukrainian products in the total amount of iron imports by US steelmakers is more than 20%

Photo – EU officially extends safeguard measures on steel imports for two years
EU officially extends safeguard measures on steel imports for two years

EUROFER called for further fight against excess capacities, Assofermet sees risks for the market

Photo – Ukraine needs to intensify negotiations with EU on CBAM
Ukraine needs to intensify negotiations with EU on CBAM

The optimal option is to recognize force majeure and apply a declaratory approach to Ukrainian imports subject to CBAM

Photo – Spain increased steel production by 9.9% y/y in May
Spain increased steel production by 9.9% y/y in May

During January-May, Spanish steelmakers increased steel output by 3.3% y/y

Photo – Poland imported 729.5 thousand tons of steel from third countries in January-April
Poland imported 729.5 thousand tons of steel from third countries in January-April

The main part of the import fell on flat rolled products – 543.4 thousand tons

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