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Photo – European Union reduced steel exports by 8% y/y in January-May
European Union reduced steel exports by 8% y/y in January-May

Shipments of long rolled products decreased by 4% y/y, and flat – by 10% y/y

Photo – EC approves €2.85 billion green subsidies for Thyssenkrupp and ArcelorMittal
EC approves €2.85 billion green subsidies for Thyssenkrupp and ArcelorMittal

Environmental subsidies will support the decarbonization of steel production processes

Photo – EU electricity market reform is insufficient – EUROFER
EU electricity market reform is insufficient – EUROFER

The proposed steps do not address the root causes of high prices

Photo – European HRC importers actively use quotas for Q3
European HRC importers actively use quotas for Q3

About 40% of the total import quotas for hot-rolled coils have already been used

Photo – EU reduced semi-finished products import from Ukraine by 37% y/y in January-May
EU reduced semi-finished products import from Ukraine by 37% y/y in January-May

In May, deliveries of Ukrainian semi-finished products to EU countries increased by 14.2% m/m and by 35.6% y/y

Photo – Japan’s steelmakers have comments on European CBAM
Japan’s steelmakers have comments on European CBAM

The mechanism requires data from importers that is not requested from European steel producers

Photo – EU extended anti-dumping duties on Chinese seamless pipes
EU extended anti-dumping duties on Chinese seamless pipes

Tariffs on Chinese products were kept at the level of 29.2-54.9%

Photo – EU reduced iron ore import from Ukraine by 15% y/y in January-May
EU reduced iron ore import from Ukraine by 15% y/y in January-May

In May, deliveries of Ukrainian iron ore to EU countries fell by 21.2% m/m and 34.1% y/y

Photo – Eurozone industrial production increased by 0.2% m/m in May
Eurozone industrial production increased by 0.2% m/m in May

Compared to May 2022, industrial production in the Eurozone decreased by 2.2%, in the EU – by 1.8%

Photo – The EU will invest €3.6 billion of ETS revenues in clean technology projects
The EU will invest €3.6 billion of ETS revenues in clean technology projects

In total, it is about 41 large-scale projects in 15 countries

Photo – The EC presented the first conclusions regarding the integration of Ukrainian railways and the EU
The EC presented the first conclusions regarding the integration of Ukrainian railways and the EU

The construction of the Eurotrack in Ukraine and Moldova will bring the countries closer to the EU single market

Photo – European Parliament approved the EU’s energy saving goals until 2030
European Parliament approved the EU’s energy saving goals until 2030

EU member states must reduce final energy consumption by at least 11.7% by 2030

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