EUROFER

Actual situation on the HRC market

This week the EUROFER report for 1Q 2024 was released

European steelmakers positively assessed the revision of EU safeguard measures

This is a step to further solve the problem of global overcapacity

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Construction volumes in the EU will decrease by 0.4% y/y in 2024 – EUROFER

In 2025, the indicators in the industry are expected to recover – by 2% y/y

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EU steel exports down 3% y/y in January-November – EUROFER

Rolled steel shipments decreased by 4% y/y

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EU cuts steel imports by 11% y/y in January-November – EUROFER

The import of rolled steel decreased by 13% y/y in 11 months

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Apparent steel consumption in the EU to grow by 5.6% y/y in 2024 – EUROFER

In 2023, the indicator is expected to decrease by 6.3% y/y

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EUROFER expressed disagreement with the extension of quotas for the import of Russian semi-finished products

The association believes that this decision weakens sanctions and contradicts the EU's climate goals

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The list of industrial technologies of green production needs correction – EUROFER

The approved list does not include leading technologies of decarbonization of steel production

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Ukrmetalurgprom is working on a ban on imports of Russian pig iron, semi-finished products and iron ore to the EU

In November, Ukrmetalurgprom became an associated member of EUROFER, which will allow it to work with the EU steel community

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EUROFER opposed the continued import of Russian semi-finished products to the EU

Further prolongation and weakening of sanctions risks becoming a historical mistake, the association believes

Ukrmetalurgprom became a new associate member of EUROFER

Ukrainian steelmakers will be able to directly participate in the activities of the European steel community

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European steel is strategically important for EU climate goals – CEO of EUROFER

European steelmakers are implementing more than 60 decarbonization projects

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