EU - Latest news GMK Center

The regulator expects inflation to reach 2.6% in 2026 and has downgraded its economic growth forecast due to higher energy costs

The residential and utility segments declined, while specialized work saw a slight increase

Exports to the United States fell by 35.4% y/y, totaling just 576,000 tons

The decline in exports of hot-rolled and cold-rolled steel products could not be offset by shipments of alloy steel and exports to the United Kingdom

The market remains sensitive to political statements

MENA producers have a cost advantage in both the hydrogen-based and gas-based DRI production routes

Domestic businesses, in particular, are already facing challenges related to the CBAM

Shipments of finished goods increased by 9% y/y

The main suppliers include Russia, Venezuela, and the United States

After two quarters of decline, the market showed signs of recovery, but demand will grow slowly in 2026–2027

The indicator in the eurozone fell by 1.5% m/m

This is necessary in order to convey the specifics of Ukrainian business to Europeans