EU - Latest news GMK Center

In June, European importers consumed 13.8 thousand tons of Ukrainian scrap metal

The main volume of products was shipped from Russia and Libya – 676.8 thousand tons and 259.2 thousand tons, respectively

Compared to May 2022, the figure remained unchanged

According to the results of January-July, the country's metallurgists reduced steel production by 3.4% y/y

The market expects trading to resume in early September, along with rising steel prices

The main share of imports falls on semi-finished products – 62.1% of the total supply

According to the results of June, deliveries of Ukrainian iron ore to the EU countries grew by 2.2% m/m, and fell by 29.1% y/y

In June, deliveries of Ukrainian semi-finished products to the EU countries fell by 26% m/m and grew by 26.7% y/y

The implementing regulation details the transitional reporting obligations of importers

Compared to June 2022, industrial production decreased by 1.2% both in the Eurozone and in the EU

Market participants assume that Indonesian products are imported into the EU after minimal processing in third countries

Currently, pressure from Asian countries has increased on the European market