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Photo – The European Parliament supported the continuation of customs duties abolition on Ukrainian products
The European Parliament supported the continuation of customs duties abolition on Ukrainian products

The liberalization of the trade regime with Ukraine is planned to be extended for another year – until June 5, 2024

Photo – Industrial production in Germany decreased by 3.4% m/m in March
Industrial production in Germany decreased by 3.4% m/m in March

Analysts expected a decrease in the indicator by an average of 1.3%

Photo – The volume of construction in the EU in 2022 increased by 4.8% y/y
The volume of construction in the EU in 2022 increased by 4.8% y/y

EUROFER expects this figure to decrease by 1.6% in 2023

Photo – India is asking the EU to recognize its carbon credit trading scheme
India is asking the EU to recognize its carbon credit trading scheme

The country strives for the development of the internal carbon market

Photo – The European Union reduced steel imports by 5% y/y in 2022
The European Union reduced steel imports by 5% y/y in 2022

The supply of flat rolled products to the EU decreased by 9% y/y for the year, and long products – increased by 11% y/y

Photo – The European Union reduced steel exports by 14% y/y in 2022
The European Union reduced steel exports by 14% y/y in 2022

Shipments of flat rolled products from the EU decreased by 10% y/y, and of long products – by 22% y/y

Photo – Consumption of steel products in the EU in 2022 fell by 7.2% – EUROFER
Consumption of steel products in the EU in 2022 fell by 7.2% – EUROFER

Apparent steel consumption expected to fall 1% in 2023

Photo – Eurozone inflation accelerated to 7% in April
Eurozone inflation accelerated to 7% in April

At the same time, core inflation slowed to 5.6%

Photo – Ukraine continues its integration into the EU single market
Ukraine continues its integration into the EU single market

The country uses the standards of the European Union, building the internal market

Photo – New EU rules on waste transport will affect scrap exporters
New EU rules on waste transport will affect scrap exporters

The revised regulation is likely to enter into force in 2024

Photo – CBAM is a real challenge for the European steel industry
CBAM is a real challenge for the European steel industry

Ukrainian exporters to the EU should keep abreast of the future details of CBAM implementation as the mechanism is still being developed

Photo – Eurozone GDP increased by 0.1% q/q in the first quarter
Eurozone GDP increased by 0.1% q/q in the first quarter

In annual terms, GDP growth amounted to 1.3%

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