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

Rolled steel shipments decreased by 4% y/y
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
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
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
The list of industrial technologies of green production needs correction – EUROFER

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

Александр Каленков ©
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
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
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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