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Photo – EC plans to review steel market protection against Asian HRC imports – Argus
EC plans to review steel market protection against Asian HRC imports – Argus

Chinese products can enter the EU market as re-exports from countries that supply HRC to the block under the quota of «other countries»

Photo – Italy in January-May imported 4.6 million tons of steel from third countries
Italy in January-May imported 4.6 million tons of steel from third countries

Exports of steel products amounted to 1.32 million tons in 5 months

Photo – EUROFER has downgraded its EU visible steel consumption forecast in 2024 to +1.4% y/y
EUROFER has downgraded its EU visible steel consumption forecast in 2024 to +1.4% y/y

Expectations regarding the growth of the indicator in 2025 have also been reduced to +4.1% y/y

Photo – France in June reduced steel production by 33.3% m/m
France in June reduced steel production by 33.3% m/m

In the first half of the year, French steelmakers increased steel output by 6.1% y/y

Photo – European CBAM will cost India 0.05% of GDP – analysts
European CBAM will cost India 0.05% of GDP – analysts

Exports of goods to EU covered by CBAM accounted for 9.91% of India's total exports to the bloc in 2022-23

Photo – ECB leaves key interest rates unchanged
ECB leaves key interest rates unchanged

The regulator expects inflation to remain above target over the next year

Photo – Construction in the EU fell by 1% m/m in May
Construction in the EU fell by 1% m/m in May

Compared to May 2023, the indicator fell by 2.5%

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

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