European Union

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

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

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

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

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

Nine European plants fully or partially suspended steel production

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

Restrictive measures end on January 31, 2023

Steel import activity in Europe remains stable despite weak domestic demand in recent months

EU considers replacing Russian gas with other energy sources

The new package includes 25-year loans with a 10-year grace period to pay the loan principal