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Photo – Eurozone GDP remained unchanged in Q4 compared to Q3
Eurozone GDP remained unchanged in Q4 compared to Q3

The economy of the European Union also stabilized

Photo – European Commission granted an opportunity to postpone the first report on CBAM
European Commission granted an opportunity to postpone the first report on CBAM

This solution is due to technical issues with the respective registry

Photo – EU gas consumption decreased by 13.5% y/y in 2023
EU gas consumption decreased by 13.5% y/y in 2023

The indicator was lower than the average level of consumption for 2017-2021

Photo – Italy increased imports of rolled products from third countries by 31.2% y/y in November
Italy increased imports of rolled products from third countries by 31.2% y/y in November

The export of steel products for the month decreased by 2.6% y/y

Photo – EU reduced semi-finished products imports from Ukraine by 6.2% m/m in November
EU reduced semi-finished products imports from Ukraine by 6.2% m/m in November

In January-November, deliveries of Ukrainian semi-finished products to EU countries fell by 11.6% y/y

Photo – EU imported 203,000 tons of Russian iron and steel products in November
EU imported 203,000 tons of Russian iron and steel products in November

The main share of imports falls on semi-finished products – 83% of the total deliveries

Photo – European countries increased applications for steel supplies to the United States in December
European countries increased applications for steel supplies to the United States in December

Germany and Spain doubled the volume of license applications in December

Photo – EU construction fell by 1% m/m in November
EU construction fell by 1% m/m in November

Compared to November 2022, the indicator decreased by 2.1%

Photo – Turkiye exhausts part of its import quotas for steel products to the EU for the first quarter
Turkiye exhausts part of its import quotas for steel products to the EU for the first quarter

Quotas for some items have also already been chosen by China and India

Photo – EU imported 2.36 million tons of DRI in January-November
EU imported 2.36 million tons of DRI in January-November

The main volume of products was shipped from Russia and Libya – 1.06 million tons and 405 thousand tons, respectively

Photo – Industrial production in the Eurozone decreased by 0.3% m/m in November
Industrial production in the Eurozone decreased by 0.3% m/m in November

In the European Union, industrial production decreased by 0.2% m/m in November

Photo – European CBAM could radically change trade flows – FT
European CBAM could radically change trade flows – FT

The start of the implementation of the mechanism has already put China in an awkward position

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