EUROFER

The industry is currently facing high energy prices and global overcapacity

This week the EUROFER report for 1Q 2024 was released

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

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

Rolled steel shipments decreased by 4% y/y

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

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

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

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

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

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

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