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EU - Latest news GMK Center

Photo – EUROFER downgrades its forecast for apparent steel consumption in the EU in 2024 to +3.2%
EUROFER downgrades its forecast for apparent steel consumption in the EU in 2024 to +3.2%

Expectations regarding the growth of the indicator in 2025 have improved – from +2.9% y/y to +5.4% y/y

Photo – EU should better restrict steel imports from Asia — Acerinox CEO
EU should better restrict steel imports from Asia — Acerinox CEO

The bloc should introduce more tariffs, following the US, says the company's CEO

Photo – EU duty abolition helped Ukrainian steel industry to survive the war, — Andriy Kryl
EU duty abolition helped Ukrainian steel industry to survive the war, — Andriy Kryl

There are hopes that the relatively free access of Ukrainian companies to the European market will be preserved

Photo – Spain reduced steel production by 9.7% y/y in March
Spain reduced steel production by 9.7% y/y in March

During January-March, Spanish steelmakers reduced steel output by 2.3% y/y

Photo – EU increased imports of semi-finished products from Ukraine by 22% y/y in January-February
EU increased imports of semi-finished products from Ukraine by 22% y/y in January-February

In February, deliveries of Ukrainian products to the EU amounted to 100,000 tons

Photo – Overcoming CBAM challenges for Ukraine and the EU
Overcoming CBAM challenges for Ukraine and the EU

Solving the existing problems depends on cooperation between Ukrainian and European authorities

Photo – EU imported 577 thousand tons of Russian iron and steel products in January-February
EU imported 577 thousand tons of Russian iron and steel products in January-February

The main share of imports falls on semi-finished products – 82.2% of the total volume of deliveries

Photo – Germany increased steel production by 8.4% y/y in March
Germany increased steel production by 8.4% y/y in March

Pig iron production increased by 3.5% y/y for the month, and rolled steel – by 1% y/y

Photo – Ukraine exported 1.1 million tons of iron ore to the EU in February
Ukraine exported 1.1 million tons of iron ore to the EU in February

Ukrainian suppliers accounted for 20.5% of the total EU iron ore imports

Photo – EU reduced DRI imports by 35.5% m/m in February
EU reduced DRI imports by 35.5% m/m in February

In January-February, the indicator increased by 35.2% y/y

Photo – Construction in the EU increased by 1.8% m/m in February
Construction in the EU increased by 1.8% m/m in February

Compared to February 2023, the indicator fell by 0.6%

Photo – EU has created an investment structure under the Ukraine Facility
EU has created an investment structure under the Ukraine Facility

The structure is designed to stimulate investment for the recovery and reconstruction of Ukraine

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