EU - Latest news GMK Center

Politicians probably need more time to agree on the details

In 2024, the industry will recover slightly – by 0.2% y/y

In the second quarter of 2023, the volume of car production in the EU increased by 9.5% q/q

Shipments of rolled steel to third countries decreased by 6% y/y

In January-August 2023, European consumers reduced steel imports by 19% y/y

In October, the indicator increased by 2.9% y/y

The economy of the European Union grew by 0.1% q/q in July-September

In 2024, the indicator will grow by 7.6%, but will face geopolitical unpredictability and economic uncertainty

In January-September, the country's steelmakers reduced steel production by 6.9% y/y

In September, the inflation rate exceeded 4.5%, and in August and July – 6%

In 8 months, the EU market consumed 486.34 thousand tons of flat rolled products of Ukrainian production

Over 8 months, the EU market reduced consumption of Ukrainian-produced long products by 24.9% y/y