EU - Latest news GMK Center

The market believes that European producers may try to raise prices

The main drivers of negative expectations are high energy prices, increased production costs and the war in Ukraine

Industrial and infrastructure projects in global economies cannot compensate for sector weakness

The funds will be used to finance priority expenditures of the state budget

The parties aim to reach an agreement by the autumn 2023

The National Recovery Plan is an opportunity to restart the country's industry

Compared to April 2023, the indicator increased by 0.2%

In January-April, Ukrainian iron ore exports to the EU amounted to 19.7% of the total European imports

Shipments of long rolled products decreased by 4% y/y, and flat – by 10% y/y

Environmental subsidies will support the decarbonization of steel production processes

The proposed steps do not address the root causes of high prices

About 40% of the total import quotas for hot-rolled coils have already been used