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Photo – Italy increased steel production by 10.9% m/m in February
Italy increased steel production by 10.9% m/m in February

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

Photo – Construction in the European Union decreased by 1% m/m in January
Construction in the European Union decreased by 1% m/m in January

Compared to January 2023, the indicator increased by 0.1%

Photo – EU increased imports of iron and steel products by 19% y/y in January
EU increased imports of iron and steel products by 19% y/y in January

The export of products decreased by 14.4% y/y

Photo – EU has finally approved the strategy of providing the bloc with critical raw materials
EU has finally approved the strategy of providing the bloc with critical raw materials

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

Photo – Ukraine exported 1.36 million tons of iron ore to the EU in January
Ukraine exported 1.36 million tons of iron ore to the EU in January

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

Photo – EU increased imports of direct reduced iron by 68% y/y in January
EU increased imports of direct reduced iron by 68% y/y in January

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

Photo – ECB may start cutting interest rates in June
ECB may start cutting interest rates in June

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

Photo – EU reduced exports of flat products by 7.7% y/y in 2023
EU reduced exports of flat products by 7.7% y/y in 2023

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

Photo – EU extends anti-dumping measures against corrosion-resistant steel from China
EU extends anti-dumping measures against corrosion-resistant steel from China

The European Commission has decided to maintain the current anti-dumping duties for another five years

Photo – Industrial production in the EU decreased by 2.1% m/m in January
Industrial production in the EU decreased by 2.1% m/m in January

Compared to January 2023, the figure decreased by 5.7%.

Photo – Ukraine to receive €6 billion from the EU in the next two months
Ukraine to receive €6 billion from the EU in the next two months

The government approved the documents regarding transitional financing through framework of the Ukraine Facility

Photo – Electricity prices in Europe fell significantly in February
Electricity prices in Europe fell significantly in February

In most markets, they reached their lowest levels since the first half of 2021

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