EU - Latest news GMK Center

The main share of imports is semi-finished products – 78.5% of the total volume of deliveries

In January-February, the indicator decreased by 3.9% y/y

Quotas on imports of long products by some countries have actually been selected despite weak consumption in the EU

The industry is currently facing high energy prices and global overcapacity

Long products production grew by 30.8% m/m over the month, while flat products production fell by 14.6% m/m.

Compared to January 2023, the indicator increased by 0.1%

The export of products decreased by 14.4% y/y

CRMA defines a list of 17 strategic elements and a list of 34 critical materials

Ukrainian suppliers accounted for 21.3% of total EU iron ore imports

The bulk of the products were shipped from Russia, Libya and Venezuela – 187.45 tons, 21.45 thousand tons and 29 thousand tons, respectively

The decline will occur if the economic forecasts for the coming months come true

The main consumers of EU flat products last year were the US, UK and Switzerland