EU News — GMK Center https://gmk.center/en/tag/eu/ This is an informational-analytical, discussion platform Wed, 08 Jul 2026 12:26:17 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png EU News — GMK Center https://gmk.center/en/tag/eu/ 32 32 <![CDATA[A European Parliament committee has backed the extension of the scope of the CBAM]]> https://gmk.center/en/news/a-european-parliament-committee-has-backed-the-extension-of-the-scope-of-the-cbam/ Wed, 08 Jul 2026 12:26:13 +0000 https://gmk.center/?post_type=news&p=125997 The European Parliament’s Committee on the Environment, Public Health and Food Safety (ENVI) has approved amendments to the legislative proposal to extend the CBAM to downstream products. MEPs agreed with the European Commission’s proposal to extend the scope of the CBAM beyond basic materials, including a long list of processed products within the mechanism – […]

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]]> <![CDATA[The European Parliament is seeking to ease the pressure exerted by the carbon market on industry]]> https://gmk.center/en/news/the-european-parliament-is-seeking-to-ease-the-pressure-exerted-by-the-carbon-market-on-industry/ Wed, 08 Jul 2026 10:22:48 +0000 https://gmk.center/?post_type=news&p=125978 The European People’s Party — the largest political group in the European Parliament — is seeking to ease the financial pressure on companies from the EU carbon market. According to a draft position paper, it is proposed to slow down the planned rate of emissions reductions and extend the validity of free emission allowances. This […]

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]]> <![CDATA[Malaysian steelmakers call for fair trade in the wake of EU measures]]> https://gmk.center/en/news/malaysian-steelmakers-call-for-fair-trade-in-the-wake-of-eu-measures/ Wed, 08 Jul 2026 09:38:49 +0000 https://gmk.center/?post_type=news&p=125967 The Malaysian Iron and Steel Industry Federation (MISIF) is concerned about the rise in trade barriers in key export markets and is calling for fair treatment of Malaysian steel as the industry grapples with global overcapacity. According to forecasts, the global steel surplus is set to rise from 602 million tonnes in 2024 to 721 […]

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]]> <![CDATA[New EU quotas could result in losses of $3 billion for Turkey’s steel exports]]> https://gmk.center/en/news/new-eu-quotas-could-result-in-losses-of-3-billion-for-turkey-s-steel-exports/ Wed, 08 Jul 2026 09:02:28 +0000 https://gmk.center/?post_type=news&p=125960 The EU’s new safeguard measures on steel imports will have a significant impact on supplies of Turkish steel products to the bloc. This was stated by Uğur Dalbeler, chairman of the Turkish Steel Exporters’ Association (ÇİB), according to Demir Çelik Store. He said that a reduction in European quotas could lead to a decrease in […]

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]]> <![CDATA[Steel importers are reporting delays in customs clearance due to new EU quotas]]> https://gmk.center/en/news/steel-importers-are-reporting-delays-in-customs-clearance-due-to-new-eu-quotas/ Tue, 07 Jul 2026 12:13:50 +0000 https://gmk.center/?post_type=news&p=125932 Steel importers from the EU are reporting delays in customs clearance due to the new quota system, which came into force on 1 July, according to OPIS. Although the general framework of the new system had been published in advance, details regarding individual countries and remaining quotas were announced on 30 June, just one day […]

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]]> <![CDATA[The European automotive industry is proposing to postpone the expansion of the CBAM]]> https://gmk.center/en/news/the-european-automotive-industry-is-proposing-to-postpone-the-expansion-of-the-cbam/ Tue, 07 Jul 2026 10:04:34 +0000 https://gmk.center/?post_type=news&p=125912 The European Automobile Manufacturers’ Association (ACEA) is concerned about proposals to extend the Cross-Border Carbon Adjustment Mechanism (CBAM) to downstream products, due to the risks this poses to the sector. This is stated in the organisation’s statement. “The course of these discussions, particularly in the European Parliament and the European Council, raises a number of […]

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]]> <![CDATA[Interpipe estimates that the EU quota for seamless pipes is 30% too low]]> https://gmk.center/en/news/interpipe-estimates-that-the-eu-quota-for-seamless-pipes-is-30-too-low/ Tue, 07 Jul 2026 05:03:19 +0000 https://gmk.center/?post_type=news&p=125895 The Ukrainian industrial company ‘Interpipe’ has pointed out that the EU quota for seamless pipes allocated to Ukraine has been underestimated. This is stated in a company press release. ‘In the seamless pipes product category, Ukraine was allocated an annual quota of 80.67 thousand tonnes. However, throughout the consultation process, the Ukrainian authorities repeatedly informed […]

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]]> <![CDATA[The EC has announced the price of CBAM allowances for Q2 2026]]> https://gmk.center/en/news/the-ec-has-announced-the-price-of-cbam-allowances-for-q2-2026/ Mon, 06 Jul 2026 12:07:05 +0000 https://gmk.center/?post_type=news&p=125886 The European Commission has published the reference price for the Cross-Border Carbon Adjustment Mechanism (CBAM) certificate for the second quarter of 2026 — it stands at €75.28 per tonne of CO₂. This is stated in a press release from the Directorate-General for Taxation and the Customs Union (DG TAXUD). The price for the first quarter […]

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]]> <![CDATA[Electricity prices in Europe rose in June amid a heatwave]]> https://gmk.center/en/infographic/electricity-prices-in-europe-rose-in-june-amid-a-heatwave/ Mon, 06 Jul 2026 05:15:32 +0000 https://gmk.center/?post_type=infographic&p=125833 Average monthly wholesale day-ahead electricity prices in Europe in June 2026 rose compared with May, against the backdrop of a heatwave that swept across the region at the end of the month. According to Ember, prices for the period were as follows (as at 2 July): Italy — €132.27/MWh (+10.2% month-on-month); France — €66.25/MWh (+27%); […]

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]]> <![CDATA[Japanese steelmakers are concerned about the implications of the EU’s new protective measures]]> https://gmk.center/en/news/japanese-steelmakers-are-concerned-about-the-implications-of-the-eu-s-new-protective-measures/ Fri, 03 Jul 2026 09:23:34 +0000 https://gmk.center/?post_type=news&p=125809 Five Japanese industry groups representing the country’s steel sector have issued a joint statement criticising the EU’s new protective measures on steel, describing them as inappropriate and unfair to Japan. The EU’s tariff quota for Japan has been set at 800,000 tonnes, which is significantly lower than the average import volume for 2022–2024, which stood […]

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]]> <![CDATA[Brazil has criticised the new trade barriers imposed by the US and the EU]]> https://gmk.center/en/news/brazil-has-criticised-the-new-trade-barriers-imposed-by-the-us-and-the-eu/ Fri, 03 Jul 2026 08:01:49 +0000 https://gmk.center/?post_type=news&p=125798 The Brazilian government has strongly criticised recent decisions by the US and the EU to impose new restrictions on imports of steel products. The country’s authorities consider such protectionist measures to be unjustified and harmful to global trade. This was reported by SteelOrbis. Brazil’s Foreign Minister, Mauro Viera, has sent a 29-page official letter to […]

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]]> <![CDATA[Hidden Preferences of the New TRQ]]> https://gmk.center/en/opinion/hidden-preferences-of-the-new-trq/ Thu, 02 Jul 2026 06:00:23 +0000 https://gmk.center/?post_type=opinion&p=125734 Country allocations were finally published before the new TRQ system came into effect. The delay in publication until the very last day created extraordinary risks for imports. This is the worst possible scenario for any exporter. Therefore, the publication itself is a positive development. In the text of the law and this regulation, we see […]

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]]> <![CDATA[European steel producers are calling for the CBAM to be strengthened]]> https://gmk.center/en/news/european-steel-producers-are-calling-for-the-cbam-to-be-strengthened/ Wed, 01 Jul 2026 13:30:18 +0000 https://gmk.center/?post_type=news&p=125732 The European steel industry has called on the EU institutions to preserve the integrity of the Emissions Trading Scheme (ETS) and to strengthen the Cross-Border Carbon Adjustment Mechanism (CBAM). Outokumpu, SSAB, Salzgitter, Saarstahl, Dillinger and Stahl-Holding-Saar emphasised in a joint statement that they are collectively investing over €10 billion in low-emission steel production and modernised […]

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]]> <![CDATA[Ukraine faces one of the steepest cuts in new TRQ]]> https://gmk.center/en/infographic/ukraine-faces-one-of-the-steepest-cuts-in-new-trq/ Wed, 01 Jul 2026 13:18:39 +0000 https://gmk.center/?post_type=infographic&p=125717 The EU’s new tariff-rate quota (TRQ) framework significantly reshapes access to the European steel market. Across all steel product categories covered by the measure, total import quotas are reduced by 46% compared with 2025 import levels. For Ukraine, the impact is even sharper: the country-specific quotas granted to Ukrainian suppliers are 60% below actual 2025 […]

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]]> <![CDATA[British steelmakers are calling for an improvement in the terms of trade in steel with the EU]]> https://gmk.center/en/news/british-steelmakers-are-calling-for-an-improvement-in-the-terms-of-trade-in-steel-with-the-eu/ Wed, 01 Jul 2026 11:53:14 +0000 https://gmk.center/?post_type=news&p=125718 British steelmakers are calling for further negotiations with Brussels regarding import quotas. The publication of the new European steel quota regime is an important step in providing certainty for British exporters, according to the industry association UK Steel. 70% of steel exports from the UK go to the EU. However, the association believes that this […]

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]]> <![CDATA[South Korea will boost domestic demand for steel amid EU protective measures]]> https://gmk.center/en/news/south-korea-will-boost-domestic-demand-for-steel-amid-eu-protective-measures/ Wed, 01 Jul 2026 10:17:58 +0000 https://gmk.center/?post_type=news&p=125707 The South Korean government is developing a package of measures to stimulate domestic demand for steel products and strengthen cross-sectoral cooperation. This decision has been taken against the backdrop of tighter import restrictions imposed by the European Union, which pose significant risks to South Korean exporters. This was reported by the *Korea Joongang Daily*. Kim […]

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]]> <![CDATA[Ukraine regards the current agreement on steel quotas as a starting point – Politico]]> https://gmk.center/en/news/ukraine-regards-the-current-agreement-on-steel-quotas-as-a-starting-point-politico/ Wed, 01 Jul 2026 08:58:23 +0000 https://gmk.center/?post_type=news&p=125692 Ukraine regards the current quota agreement as a starting point on its path to EU accession. This is reported by Politico. The country has been allocated an annual quota of 1.05 million tonnes. As the publication notes, this figure is based on a reduction in Ukrainian exports to Europe between 2022 and 2024 – the […]

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]]> <![CDATA[South African exporters are preparing for EU restrictions on steel imports]]> https://gmk.center/en/news/south-african-exporters-are-preparing-for-eu-restrictions-on-steel-imports/ Tue, 30 Jun 2026 11:50:58 +0000 https://gmk.center/?post_type=news&p=125664 South African steel exporters are preparing for potential disruptions to trade flows with the European Union. This is due to a new import quota regime, which comes into force on 1 July and will be accompanied by the introduction of a 50 per cent duty on shipments exceeding the set limits. This is according to […]

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]]> <![CDATA[The EC has published the quotas under the new steel safeguard measures]]> https://gmk.center/en/news/the-ec-has-published-the-quotas-under-the-new-steel-safeguard-measures/ Tue, 30 Jun 2026 10:53:43 +0000 https://gmk.center/?post_type=news&p=125648 The European Commission has published an implementing regulation setting out the allocation of steel import tariff quotas amongst the EU’s trading partners. As noted, half of the EU’s annual import quota (18.3 million tonnes) is reserved exclusively for partners under free trade agreements. The remaining 9.15 million tonnes will be available to all trading partners […]

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]]> <![CDATA[The Council of the EU has given its final approval to the reform of the Coal and Steel Fund]]> https://gmk.center/en/news/the-council-of-the-eu-has-given-its-final-approval-to-the-reform-of-the-coal-and-steel-fund/ Tue, 30 Jun 2026 09:21:58 +0000 https://gmk.center/?post_type=news&p=125638 Ministers from European Union member states have given their final approval to the reform of the Research Fund for Coal and Steel (RFCS). The new rules extend the programme until 2034 and provide for an allocation of up to €120 million per year. The total investment over the entire period is estimated at approximately €800 […]

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]]> <![CDATA[ArcelorMittal is calling for the scope of the CBAM and trade measures to be extended to steel derivatives]]> https://gmk.center/en/news/arcelormittal-is-calling-for-the-scope-of-the-cbam-and-trade-measures-to-be-extended-to-steel-derivatives/ Mon, 29 Jun 2026 15:38:12 +0000 https://gmk.center/?post_type=news&p=125618 The EU must swiftly extend the Cross-Border Carbon Adjustment Mechanism (CBAM) and safeguard measures on metal products to include steel derivatives and further processed products. This view was expressed by Paul Brettnacher, Director of Marketing and Key Accounts at ArcelorMittal Europe – Flat Products, in the June issue of the client newsletter eUpdate. As noted […]

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]]> <![CDATA[The EU plans to introduce a 15% duty on exports of aluminium scrap – FT]]> https://gmk.center/en/news/the-eu-plans-to-introduce-a-15-duty-on-exports-of-aluminium-scrap-ft/ Mon, 29 Jun 2026 10:34:22 +0000 https://gmk.center/?post_type=news&p=125598 The EU intends to impose a 15 per cent duty on exports of aluminium scrap, the Financial Times reports, citing sources. The plan to levy a 15 per cent duty, the newspaper notes, would mark the first time Brussels has imposed tariffs on goods exported from the bloc. The proposal is due to be presented […]

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]]> <![CDATA[The EC is not adhering to the spirit of the new steel safeguard measures – Interpipe CEO at URC 2026]]> https://gmk.center/en/news/the-ec-is-not-adhering-to-the-spirit-of-the-new-steel-safeguard-measures-interpipe-ceo-at-urc-2026/ Mon, 29 Jun 2026 10:12:22 +0000 https://gmk.center/?post_type=news&p=125592 The European Commission is not adhering to the spirit of the new legislation on safeguard measures against steel imports. This statement was made by Luca Zanotti, CEO of the Ukrainian industrial company Interpipe, during a panel discussion entitled ‘Ukraine and the EU Single Market: Turning Enlargement into an Opportunity to Boost Competitiveness’ at the URC […]

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]]> <![CDATA[The EU reduced steel imports by 23% y/y in Q1 — EUROFER]]> https://gmk.center/en/news/the-eu-reduced-steel-imports-by-23-y-y-in-q1-eurofer/ Fri, 26 Jun 2026 14:00:41 +0000 https://gmk.center/?post_type=news&p=125547 In the first quarter of 2026, the European Union saw its total steel imports fall by 23 per cent year-on-year. This is according to data set out in the European Steel Association (EUROFER) report for the second quarter of 2026 (‘Economic and Steel Market Outlook 2026–2027’). Imports of rolled steel fell by 17% year-on-year during […]

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]]> <![CDATA[The EU has finally approved the trade agreement with the US]]> https://gmk.center/en/news/the-eu-has-finally-approved-the-trade-agreement-with-the-us/ Fri, 26 Jun 2026 07:49:15 +0000 https://gmk.center/?post_type=news&p=125496 On 25 June, the EU Member States gave their final approval to the trade agreement with the US. This is stated in a press release from the European Council. ‘The Council has formally adopted two regulations implementing the tariff-related commitments set out in the EU-US Joint Statement of 21 August 2025. This adoption completes the […]

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]]> <![CDATA[Apparent steel consumption in the EU could rise by 0.4% y/y in 2026 – EUROFER]]> https://gmk.center/en/news/apparent-steel-consumption-in-the-eu-could-rise-by-0-4-y-y-in-2026-eurofer/ Thu, 25 Jun 2026 13:21:26 +0000 https://gmk.center/?post_type=news&p=125487 The European Steel Association (EUROFER) forecasts that apparent steel consumption in the EU will continue to grow, albeit at a more moderate pace: by 0.4% year-on-year in 2026, to 135 million tonnes. The forecast for next year anticipates growth of 2.2% year-on-year, to 138 million tonnes. These figures are set out in EUROFER’s report for […]

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]]> <![CDATA[European gas prices in the second half of June stood at €40–42/MWh]]> https://gmk.center/en/news/european-gas-prices-in-the-second-half-of-june-stood-at-e40-42-mwh/ Thu, 25 Jun 2026 05:02:10 +0000 https://gmk.center/?post_type=news&p=125434 In early June 2026, TTF futures for the following month fluctuated between €40 and €42 per MWh. Despite the fall in prices, which occurred against the backdrop of the signing of an interim memorandum between the US and Iran on 15 June, as well as the expected resumption of shipping through the Strait of Hormuz […]

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]]> <![CDATA[The EU’s requirement regarding the smelting and casting of steel will come into force in October]]> https://gmk.center/en/news/the-eu-s-requirement-regarding-the-smelting-and-casting-of-steel-will-come-into-force-in-october/ Wed, 24 Jun 2026 13:41:51 +0000 https://gmk.center/?post_type=news&p=125424 On 24 June, the European Union published a regulation on new safeguard measures concerning steel imports in the Official Journal of the EU. It will replace the current measures, which expire on 30 June this year, and will apply from 1 July. The regulation sets a total annual duty-free quota of 18.3 million tonnes. Steel […]

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]]> <![CDATA[South Korea has reached a consensus with the EU on European steel quotas]]> https://gmk.center/en/news/south-korea-has-reached-a-consensus-with-the-eu-on-european-steel-quotas/ Tue, 23 Jun 2026 08:41:57 +0000 https://gmk.center/?post_type=news&p=125333 South Korea has made progress in negotiations with the EU regarding European steel tariff quotas, which could harm the country’s exporters. This was stated by Industry Minister Kim Jung-kwan, according to The Korea Times. “South Korea’s current quota stands at around 2.58 million tonnes, and we have reached a consensus that it will not be […]

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]]> <![CDATA[European carbon prices rose to €80/t in June]]> https://gmk.center/en/news/european-carbon-prices-rose-to-e80-t-in-june/ Sun, 21 Jun 2026 06:22:49 +0000 https://gmk.center/?post_type=news&p=125246 European carbon prices (EUA, December 2026 contract), according to ICE, rose to €80/t in June. The market reacted to a breakthrough in negotiations between the US and Iran, which is expected to put downward pressure on energy prices, as well as to the announcement of the UK–EU summit on 22 July: an agreement on the […]

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]]> <![CDATA[Construction in the EU rose by 0.8% m/m in April]]> https://gmk.center/en/news/construction-in-the-eu-rose-by-0-8-m-m-in-april/ Fri, 19 Jun 2026 11:56:51 +0000 https://gmk.center/?post_type=news&p=125234 In April 2026, seasonally adjusted output in the EU’s construction sector rose by 0.8% compared with March, whilst in the eurozone it rose by 0.6% month-on-month. Year-on-year growth in the EU stood at 1.5%, and in the eurozone at 0.9%. This is according to preliminary data from Eurostat. By segment, in April in the EU, […]

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]]> <![CDATA[EU industrialists are joining forces to support the Made in Europe policy – analyst]]> https://gmk.center/en/news/eu-industrialists-are-joining-forces-to-support-the-made-in-europe-policy-analyst/ Thu, 18 Jun 2026 02:57:11 +0000 https://gmk.center/?post_type=news&p=125100 EU industrial sectors, which were initially sceptical of the ‘Made in Europe’ policy, are increasingly backing it. This trend was noted by Tristan Bückler, an industry analyst at Strategic Perspectives. Indeed, at the end of last week, the bloc’s largest car manufacturers – Renault, Volkswagen and Stellantis, which account for over 60 per cent of […]

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]]> <![CDATA[New TRQ for Ukraine: a policy shock with no market rationale]]> https://gmk.center/en/infographic/new-trq-for-ukraine-a-policy-shock-with-no-market-rationale/ Wed, 17 Jun 2026 14:09:53 +0000 https://gmk.center/?post_type=infographic&p=125095 According to mass-media, the EU is going to set Ukraine’s TRQ at 713 ths tonnes for flat- and long-rolled steel products and pipes. That would represent a 73% reduction compared with Ukraine’s 2025 export level. The expected consequences for Ukraine are severe: an estimated $1.2 bln loss in export revenue and the possible shutdown of […]

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]]> <![CDATA[Sebastian Will: «There is no longer any consistency in scrap consumers’ behaviour»]]> https://gmk.center/en/interview/sebastian-will-there-is-no-longer-any-consistency-in-scrap-consumers-behaviour/ Wed, 17 Jun 2026 05:00:59 +0000 https://gmk.center/?post_type=interview&p=124958 Last year, German steelworks reduced their scrap consumption by 5% year-on-year due to a decline in the country’s steel production. In the EU, this figure fell by 0.4%, a decline that was less pronounced than the drop in steel output. Sebastian Will, Deputy Chairman of the German Association for Secondary Raw Materials and Waste Management […]

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]]> <![CDATA[BIR calls on the steel processing sector to discuss new EU steel market regulations]]> https://gmk.center/en/news/bir-calls-on-the-steel-processing-sector-to-discuss-new-eu-steel-market-regulations/ Tue, 16 Jun 2026 14:41:31 +0000 https://gmk.center/?post_type=news&p=125015 The new Regulation on the EU steel market, which is due to come into force on 1 July 2026, will have a significant impact on the scrap market. This is according to The Bureau of International Recycling (BIR). As recycled steel is critical to circular production, any changes to import conditions or quotas could destabilise […]

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]]> <![CDATA[Industrial production in the EU rose by 0.1% m/m in April]]> https://gmk.center/en/news/industrial-production-in-the-eu-rose-by-0-1-m-m-in-april/ Mon, 15 Jun 2026 13:02:59 +0000 https://gmk.center/?post_type=news&p=124944 In April 2026, seasonally adjusted industrial production rose by 0.1% m/m in both the eurozone and the EU. This is according to preliminary data from Eurostat. Among the bloc’s member states, the largest monthly increase in industrial production in April was recorded in Malta (+5.2%), Sweden (+3.4%), and the Netherlands (+1.6%). The largest declines were […]

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]]> <![CDATA[The EU is tightening the rules on suspending the CBAM]]> https://gmk.center/en/news/the-eu-is-tightening-the-rules-on-suspending-the-cbam/ Mon, 15 Jun 2026 10:20:36 +0000 https://gmk.center/?post_type=news&p=124929 On 12 June, EU countries agreed to limit the circumstances under which the bloc may suspend the collection of carbon levies on imports under the Carbon Border Adjustment Mechanism (CBAM). This was reported by Reuters. The bloc’s economy and finance ministers backed these plans by a majority vote, though Slovakia, Romania and Lithuania opposed them. […]

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]]> <![CDATA[Why sharp decrease in Ukraine’s quota won’t help European steel industry]]> https://gmk.center/en/opinion/why-sharp-decrease-in-ukraine-s-quota-won-t-help-european-steel-industry/ Mon, 15 Jun 2026 08:06:20 +0000 https://gmk.center/?post_type=opinion&p=124886 The EU’s move to tighten the TRQ regime is driven by mounting import pressure on the steel market. That concern is clear. In particular, in 2025, total steel imports, including semi-finished products, rose by 14% year over year. The overall tightening parameters are substantial, with tariff-free quotas cut by about 47% versus the current safeguard […]

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]]> <![CDATA[The ECB has raised interest rates for the first time since 2023]]> https://gmk.center/en/news/the-ecb-has-raised-interest-rates-for-the-first-time-since-2023/ Thu, 11 Jun 2026 14:11:42 +0000 https://gmk.center/?post_type=news&p=124806 The European Central Bank (ECB) has raised its key policy rate for the first time in almost three years. This is stated in a press release on the regulator’s website. The deposit rate has risen by 25 basis points and will stand at 2.25% from 17 June. This is the first increase since September 2023. […]

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]]> <![CDATA[Italy’s Confindustria has called for pragmatic reform of the ETS]]> https://gmk.center/en/news/italy-s-confindustria-has-called-for-pragmatic-reform-of-the-ets/ Thu, 11 Jun 2026 09:02:51 +0000 https://gmk.center/?post_type=news&p=124781 Confindustria, the Italian association representing the country’s manufacturing and service companies, has once again highlighted the need to review the European Emissions Trading System (ETS). This was reported by SteelOrbis. Antonio Gozzi, Confindustria’s special adviser on European strategic autonomy, competitiveness and the Mattia Plan, emphasised the importance of rectifying certain mechanisms that currently risk undermining […]

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]]> <![CDATA[South Korea is asking the EU for fair terms under the new steel measures]]> https://gmk.center/en/news/south-korea-is-asking-the-eu-for-fair-terms-under-the-new-steel-measures/ Thu, 11 Jun 2026 07:50:24 +0000 https://gmk.center/?post_type=news&p=124772 South Korean President Lee Jae-myung has asked the EU to give favourable consideration to the situation facing Korean steel producers following the introduction of new European safeguard measures. This was reported by Reuters, citing a statement from the presidential administration. Lee made the request during a summit with European Council President António Costa and European […]

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]]> <![CDATA[European gas prices stood at €48–49/MWh at the start of June]]> https://gmk.center/en/news/european-gas-prices-stood-at-e48-49-mwh-at-the-start-of-june/ Thu, 11 Jun 2026 05:02:20 +0000 https://gmk.center/?post_type=news&p=124752 In early June 2026, one-month TTF futures remained below €50/MWh, generally fluctuating between €48 and €49/MWh. In the first ten days of the month, European natural gas prices rose compared to the end of May amid uncertainty over the prospects of conflict in the Middle East and pressure to fill storage facilities ahead of the […]

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]]> <![CDATA[Ukrainian steel sector has withstood war, but now it needs Europe’s fairness]]> https://gmk.center/en/opinion/ukrainian-steel-sector-has-withstood-war-but-now-it-needs-europe-s-fairness/ Thu, 11 Jun 2026 05:00:51 +0000 https://gmk.center/?post_type=opinion&p=124759 I’d like to reflect on the recent study at GMK Center of challenges that European and Ukrainian steelmakers are facing. For more than four years, Ukraine’s steel industry has worked in conditions that would have stopped many businesses elsewhere: missile and drone attacks, blackouts, broken logistics, a shortage of skilled people, and production sites operating […]

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]]> <![CDATA[Interpipe is proposing a pilot project to establish an industrial acceleration zone between the steel sectors of Romania and Ukraine]]> https://gmk.center/en/news/interpipe-is-proposing-a-pilot-project-to-establish-an-industrial-acceleration-zone-between-the-steel-sectors-of-romania-and-ukraine/ Wed, 10 Jun 2026 10:25:31 +0000 https://gmk.center/?post_type=news&p=124731 The Ukrainian industrial company Interpipe has proposed a pilot project to establish an Industrial Acceleration Zone between the steel sectors of Romania and Ukraine. This is stated in a press release from the company. Ukraine should not be viewed merely as a future participant in European industry when discussing the prospects for its development. Ukrainian […]

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]]> <![CDATA[The EU’s new quota system could destroy Ukraine’s steel industry – Metinvest CEO]]> https://gmk.center/en/news/the-eu-s-new-quota-system-could-destroy-ukraine-s-steel-industry-metinvest-ceo/ Tue, 09 Jun 2026 11:53:59 +0000 https://gmk.center/?post_type=news&p=124681 New EU restrictions on steel imports could devastate Ukraine’s industry and deal a severe blow to the budget of a country defending itself against Russian invasion. This was stated by Yuriy Ryzhenkov, CEO of the Metinvest Group, according to The Guardian. According to him, the bloc’s new protective measures, due to come into force on […]

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