Belgium - Latest news GMK Center

The line uses hot-rolled coils from its own plant in Ghent

The social plan was supported by 71% of employees; the decision must now be approved by the board of directors

The company has previously restructured this business

New 380/150 kV substation in Ghent to be key element in energy transition and industrial electrification

During January-October, production decreased by 1.1% y/y

The company is not prepared to invest €2 billion in decarbonizing its plant in Ghent due to low profitability

During January-September, production decreased by 0.7% y/y

In March, the country's steelmakers increased steel production by 3.4% m/m and 6.8% y/y

In February, the country's steelmakers reduced steel production by 3.3% m/m, but increased it by 1% y/y

Production reached 7.1 million tonnes

During the month, Belgian steelmakers produced 560,000 tons of steel

The main part of imports fell on flat rolled products – 3.58 million tons