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EU - Latest news GMK Center

Photo – European Union imported 318,100 tons of Russian iron and steel products in July
European Union imported 318,100 tons of Russian iron and steel products in July

The main share of imports is pig iron – 61.7% of the total volume of supplies

Photo – EU may adjust quotas for rolled goods amid growing imports – traders
EU may adjust quotas for rolled goods amid growing imports – traders

Construction investment in Europe fell, as did steel prices

Photo – What’s really happening in the EU construction market
What’s really happening in the EU construction market

Сonstruction activity in the EU is relatively stable and requires the same volumes of steel as a year earlier

Photo – EU imported 1.62 million tons of DRI in January-July
EU imported 1.62 million tons of DRI in January-July

The main volume of products was shipped from Russia and Libya – 812 thousand tons and 287.8 thousand tons, respectively

Photo – EU reduced imports of semi-finished products from Ukraine by 12.8% m/m in July
EU reduced imports of semi-finished products from Ukraine by 12.8% m/m in July

In January-July, supplies of Ukrainian semi-finished products to EU countries fell by 27% year-on-year

Photo – European steel distributors have created a cooperative purchasing network
European steel distributors have created a cooperative purchasing network

The founding partners of the network are five groups from Spain, Poland, Germany, Italy and France

Photo – EU increased imports of iron ore from Ukraine by 16% m/m in July
EU increased imports of iron ore from Ukraine by 16% m/m in July

In January-July, European steelmakers reduced the import of Ukrainian iron ore by 15.2% y/y

Photo – EU expects imported rolled steel supplies of 0.6-1.2 million tons in the new quota period
EU expects imported rolled steel supplies of 0.6-1.2 million tons in the new quota period

The quota for October-December is 933.74 thousand tons

Photo – European steelmakers supported the EC’s green industrial strategy
European steelmakers supported the EC’s green industrial strategy

Industry representatives are ready to cooperate with the institution on the system of environmentally friendly technologies

Photo – Industrial production in the Eurozone fell by 1.1% m/m in July
Industrial production in the Eurozone fell by 1.1% m/m in July

Industrial production in the Eurozone fell by 2.2%, in the EU – by 2.4% compared to July 2022

Photo – EC has worsened the forecast for the growth of the Eurozone economy in 2023
EC has worsened the forecast for the growth of the Eurozone economy in 2023

GDP of the Eurozone and the EU is expected to grow by 0.8% this year

Photo – EU reduced the import of long rolled products from Ukraine by 26% y/y in the first half of 2023
EU reduced the import of long rolled products from Ukraine by 26% y/y in the first half of 2023

EU market consumed 204,400 tons of long rolled products of Ukrainian production in 6 months

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