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Photo – EU signs first guarantee agreements for €1.4 billion under the Ukraine Facility
EU signs first guarantee agreements for €1.4 billion under the Ukraine Facility

Thus, the investment component of the program – Ukraine Investment Framework – was launched

Photo – Revision of EU protective measures will lead to a shortage of hot-rolled steel – Assofermet
Revision of EU protective measures will lead to a shortage of hot-rolled steel – Assofermet

The association believes that the future shortage of steel will have a negative impact on several sectors

Photo – European Central Bank cuts key interest rates
European Central Bank cuts key interest rates

The base rate for loans will be 4.25%, the rate for deposits will be 3.75%

Photo – ArcelorMittal announces price increases for long products across Europe
ArcelorMittal announces price increases for long products across Europe

This step is due to high production costs and the need to restore margins

Photo – The Netherlands supports €3 billion in green subsidies for Tata Steel IJmuiden
The Netherlands supports €3 billion in green subsidies for Tata Steel IJmuiden

The funds will be used to modernize the enterprise and reduce its environmental impact

Photo – Traders are concerned about the EU’s decision to extend protective measures on steel imports
Traders are concerned about the EU’s decision to extend protective measures on steel imports

Market participants are particularly concerned about the proposal to limit the use of the quota for other countries for hot-rolled steel

Photo – Voestalpine reduced revenue by 8.5% y/y in FY2023/2024
Voestalpine reduced revenue by 8.5% y/y in FY2023/2024

The company's EBITDA for the reporting period fell by 34.5% y/y

Photo – EC starts working on a pilot mechanism for the development of the hydrogen market
EC starts working on a pilot mechanism for the development of the hydrogen market

The mechanism is designed to increase the transparency of supply and demand

Photo – Marcegaglia acquires Ascometal steel plant in Fos-Sur-Mer
Marcegaglia acquires Ascometal steel plant in Fos-Sur-Mer

The company undertakes to invest €600 million in the modernization of the plant

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

The indicator grew stronger than analysts' forecast

Photo – EU to extend safeguard measures on steel imports for another two years
EU to extend safeguard measures on steel imports for another two years

A 15 percent restriction on imports of hot-rolled coils and wire rod under the remaining quarterly quota is also introduced

Photo – European Union imported 1.11 million tons of Russian iron and steel products in Q1
European Union imported 1.11 million tons of Russian iron and steel products in Q1

The main share of imports falls on semi-finished products – 78.7% of the total volume of deliveries

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