European Union

Russian steel producers continue to export to the EU in sanctions’ violation

Russian NLMK supplies products to the EU market through the Belgian subsidiary NLMK Belgium Holdings SA and SOGEPA

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The EU should refuse the scrap export to third countries – EUROFER

The Waste Shipment Regulation (WSR) is the last chance to fix the scrap outflow and meet climate goals

European Novelis plants to refuse Russian aluminum

One of the largest consumers of aluminum will switch to alternative suppliers from 2023

International partners have provided $17.5 billion in aid to Ukraine since the beginning of the war

In the coming months, the next tranche of macro-financial assistance from the European Union in the amount of €8 billion is expected

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The European Union reduced steel exports by 14% y/y in the first half of 2022

Shipments of flat steel products from the EU decreased by 11% y/y in 6 months, and of graded rolled stee by 21% y/y

EUROFER improved its forecast for steel consumption in the EU in 2022

The overall dynamics of steel demand has a high level of uncertainty

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Electricity prices in Germany have risen to a record €700

This level of prices is about 14 times higher than the seasonal average over the past five years

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European steelmakers stop their capacities en masse in summer

Due to weak demand, iron and steel companies are forced to cut production

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The European Union imposes tariffs on stainless steel from the Russian Federation and Turkey

After completion of the anti-dumping investigation, the European Commission decided to introduce duties for 5 years

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Brazil increased steel exports to the EU by 9.3 times in January-May

According to the results of 5 months, Brazilian products took 15% of the total EU steel imports

EU decreased steel production by 6.8% y/y in May 2022

Nine European plants fully or partially suspended steel production

EU comes back to coal power

Four European countries plans to place 13.5 GW of coal power plants in supply reserves

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