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crisis - Latest news GMK Center

Photo – Iran is losing its steel production capacity due to the conflict in the Middle East
Iran is losing its steel production capacity due to the conflict in the Middle East

Attacks by the U.S. and Israel are likely to reduce the production of semi-finished products in the country

Photo – Germany convenes steel summit in light of ongoing crisis in the sector
Germany convenes steel summit in light of ongoing crisis in the sector

Friedrich Merz invited the government and business community to discuss ways to support the industry on November 6.

Photo – ArcelorMittal questions the viability of its current industrial configuration in Spain
ArcelorMittal questions the viability of its current industrial configuration in Spain

Uncertainty raises concerns about the future of the company's plants in Asturias

Photo – Gerdau warns of crisis risks for Brazil’s steel industry
Gerdau warns of crisis risks for Brazil’s steel industry

The industry is affected by rising imports and underutilized capacity

Photo – OECD warns of deepening global crisis in the global steel industry
OECD warns of deepening global crisis in the global steel industry

Overcapacity in the global steel industry to grow by 20% by 2027

Photo – EUROFER insists on a European action plan for the steel industry
EUROFER insists on a European action plan for the steel industry

The industry association is calling for immediate action rather than incremental improvements

Photo – Volkswagen calls for a 10% reduction in salaries
Volkswagen calls for a 10% reduction in salaries

In this way, the company seeks to maintain competitiveness

Photo – Volkswagen plans restructuring amid high costs and declining demand
Volkswagen plans restructuring amid high costs and declining demand

The company intends to close at least three factories in Germany, – the head of the works council

Photo – Trade unions criticize Liberty Steel for irresponsible asset management in Europe
Trade unions criticize Liberty Steel for irresponsible asset management in Europe

They demand the European Commission to create a crisis working group on GFG Alliance/Liberty