EU - Latest news GMK Center

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

The country is concerned about the impact of the EU's climate policy on the Polish economy

Energy-intensive companies will be able to receive compensation for part of the fuel costs

The exception was Italy, where the share of more expensive sources in the generation mix increased last month

In the 2Q, HRC imports averaged 0.75 million tons per month, in the 1Q – 0.5 million tons per month