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EU - Latest news GMK Center

Photo – US will continue to suspend tariffs on European steel if necessary
US will continue to suspend tariffs on European steel if necessary

The US is focused on reaching new agreements with the EU, even if it takes additional time

Photo – EU imported 1.8 million tons of direct reduction iron in January-August
EU imported 1.8 million tons of direct reduction iron in January-August

The main volume of products was shipped from Russia and Libya – 875.9 thousand tons and 313.8 thousand tons, respectively

Photo – The shutdown of blast furnace capacity in the EU will support prices for flat rolled steel
The shutdown of blast furnace capacity in the EU will support prices for flat rolled steel

The reduction in rental supply will encourage consumers to book products for the first quarter

Photo – Gas consumption in the EU decreased by 7.3% y/y in September
Gas consumption in the EU decreased by 7.3% y/y in September

The September figure was below the average level of consumption for 2017-2021

Photo – Industrial production in Italy increased by 0.2% m/m in August
Industrial production in Italy increased by 0.2% m/m in August

During June-August, the indicator increased by 0.4% compared to March-May

Photo – EU increased imports of semi-finished products from Ukraine by 14.6% m/m in August
EU increased imports of semi-finished products from Ukraine by 14.6% m/m in August

In January-August, deliveries of Ukrainian semi-finished products to EU countries fell by 18.8% y/y

Photo – EU and the US will continue negotiations on the steel agreement
EU and the US will continue negotiations on the steel agreement

Currently, the parties are aiming to reach an agreement by the end of the year

Photo – European Union imported 429.2 thousand tons of Russian iron and steel products in August
European Union imported 429.2 thousand tons of Russian iron and steel products in August

The main share of imports is semi-finished products – 71.2% of the total volume of supplies

Photo – EU increased imports of iron ore from Ukraine by 36.2% y/y in August
EU increased imports of iron ore from Ukraine by 36.2% y/y in August

In January-August, European steelmakers reduced the import of Ukrainian iron ore by 10.4% y/y

Photo – The prospects for a steel agreement between the EU and the US remain uncertain
The prospects for a steel agreement between the EU and the US remain uncertain

According to the sources, the parties did not reach a breakthrough ahead of the October 20 summit

Photo – Construction in the European Union fell by 0.7% m/m in August
Construction in the European Union fell by 0.7% m/m in August

Compared to August 2022, the indicator increased by 0.2%

Photo – EU reached an agreement on the electricity market reform
EU reached an agreement on the electricity market reform

The reform is designed to make the price of electricity more independent of the cost of gas

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