energy crisis

Energy-dependent industries will actively explore the possibility of moving production

A third of the funds will go to tax credits for enterprises

The funds will be directed to mitigating the consequences of winter for the population of Ukraine

There is a high risk of investment displacement from energy-intensive production sectors of the EU

Companies in the industry are working with reduced volumes and are implementing energy saving measures

From October 11, 2022, the company had to suspend capacity due to massive damage to the Ukrainian energy infrastructure

The decision to reduce production from November 2022 was made amid a slowdown in steel demand in Europe

It is proposed to establish subsidies for power plants using gas

As a result of the energy crisis in Europe, the production and supply of steel is reduced, which can positively affect imports from Turkiye

US consumers avoid purchases of imported steel amid low domestic prices and short delivery times

The package of specific measures presented by the European Commission has not yet been approved

The company is analyzing various scenarios to prepare for a potential shortage of energy or raw materials