Europe

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Europe has overcome the most difficult phase of the energy crisis: what are the expectations for 2023

At the beginning of the year, analysts improved forecasts for the growth of the Eurozone economy to 0.6-0.9% in 2023

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EU steel industry will achieve decarbonization goals — Primetals Technologies

A number of major market players have made public commitments to reduce carbon emissions

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UZ plans to create a carrier company to operate in Europe

The company can be established by the end of this year

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The EURIC association does not see any risks of a scrap shortage in Europe

In 2021, scrap consumption by European steelmakers amounted to 87.9 million tons

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ArcelorMittal Zenica increased production of wire rod in January 2023

In January, the company produced 43,200 tons of wire rod, which is a new record

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ArcelorMittal Europe reduced steel output by 13.3% y/y in 2022

Sales of steel decreased by 9% year-on-year

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Tata Steel made a loss of $268.9 million in the third quarter of the 2022/2023 financial year

Activity in Europe was affected by energy prices and recession concerns

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The Eurozone showed growth in the fourth quarter of 2022

GDP in the eurozone increased by 0.1% compared to the previous quarter

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European HRC producers are aiming for further price increases

The trends in the Chinese HRC market will be determined after the holiday period

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What will be the dynamics of the world economy in 2023

Analysts expect that in 2023 the economies of Asian countries will grow, while the USA and the Eurozone are threatened with recession

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European industry will need support in the next two years

The EU needs to prioritize investments in clean energy and decarbonisation

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Tata Steel’s European production in October-December 2022 fell by 12.5% ​​y/y

The indicator fell by 6.3% compared to the second quarter of the 2022/2023 financial year

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