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energy crisis - Latest news GMK Center

Photo – German industry still needs energy support – Salzgitter CEO
German industry still needs energy support – Salzgitter CEO

The price of electricity still affects the competitiveness of energy-intensive industries

Photo – The EU plans to stimulate electricity contracts with a fixed price
The EU plans to stimulate electricity contracts with a fixed price

The draft market reform proposal will be presented on March 16 2023

Photo – EU countries urge not to hurry with changes in the electricity market
EU countries urge not to hurry with changes in the electricity market

Reforms should be supported by a thorough impact assessment

Photo – Piotr Sikorski: Apparent steel consumption in Poland will probably drop by 2 million tonnes in 2022
Piotr Sikorski: Apparent steel consumption in Poland will probably drop by 2 million tonnes in 2022

Head Manager of Polska Unia Dystrybutorow Stali – about the structure of steel consumption and the factors which affect steel production and demand in Poland

Photo – ArcelorMittal plans to reopen the Spanish ACB plant for a week
ArcelorMittal plans to reopen the Spanish ACB plant for a week

The work of the plant will be resumed to fulfill one order

Photo – ArcelorMittal has restarted a blast furnace at a plant in Spain
ArcelorMittal has restarted a blast furnace at a plant in Spain

The unit has been idle since the end of September 2022 due to uncertain economic prospects and unfavorable market conditions

Photo – Poland increased steel production by 8.3% m/m in December 2022
Poland increased steel production by 8.3% m/m in December 2022

In 2022, the country's steelmakers reduced steel production by 8.6% y/y

Photo – German GDP decreased by 0.2% q/q in the fourth quarter of 2022
German GDP decreased by 0.2% q/q in the fourth quarter of 2022

The unexpected reduction points to the beginning of a recession in one of Europe's largest economies

Photo – ZFP has stopped production until stable energy supply is restored
ZFP has stopped production until stable energy supply is restored

The business was shut down when electrical problems began

Photo – Acciaierie d’Italia to produce 4 million tons of crude steel in 2023
Acciaierie d’Italia to produce 4 million tons of crude steel in 2023

Thanks to the support of the state, the Italian steel enterprise sets ambitious goals for the coming years

Photo – US Steel Kosice resumed operation of the blast furnace after a month and a half of downtime
US Steel Kosice resumed operation of the blast furnace after a month and a half of downtime

The unit was forced to stop due to high energy prices, low market demand and a sharp increase in imports

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