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EU - Latest news GMK Center

Photo – Beltrame suspends EU production lines due to high costs
Beltrame suspends EU production lines due to high costs

The company's facilities in Italy and France are currently idle. Suspension of bar production expected in Switzerland

Photo – EU automotive sector shows good growth: how will it affect steel consumption
EU automotive sector shows good growth: how will it affect steel consumption

The European automotive industry shows good development dynamics this year

Photo – Eurozone inflation slowed to 5.5% in June
Eurozone inflation slowed to 5.5% in June

Experts expected a more moderate easing – to 5.6%

Photo – ArcelorMittal to raise prices for long products in the EU by €30/t
ArcelorMittal to raise prices for long products in the EU by €30/t

The new pricing policy will apply to July and August orders

Photo – The European Union imported 486.7 ths t of Russian iron and steel products in April
The European Union imported 486.7 ths t of Russian iron and steel products in April

The main share of imports falls on semi-finished products – 72.7% of the total supply

Photo – Ukraine will join the EU programs «Single market» and «Customs»
Ukraine will join the EU programs «Single market» and «Customs»

Ratification of agreements will provide business with additional incentives and opportunities and will contribute to the growth of trade

Photo – The level of export prices on the global steel market decreased in June
The level of export prices on the global steel market decreased in June

Chinese producers maintain a price advantage, India cannot withstand competition with China

Photo – EU construction industry outlook and its impact on the steel market
EU construction industry outlook and its impact on the steel market

The situation varies by country, but pessimism is observed in the largest EU economies – Germany and France

Photo – European Union sharply reduced imports of pig iron from Ukraine in April
European Union sharply reduced imports of pig iron from Ukraine in April

Supplies of Ukrainian raw materials to the EU decreased by 85.2% m/m, while imports from Russia remained at a high level

Photo – European Union imported 15,600 tons of scrap from Ukraine in April
European Union imported 15,600 tons of scrap from Ukraine in April

In January-April, European importers consumed 54.2 thousand tons of Ukrainian scrap

Photo – Italian stainless steel producer Acciai Speciali Terni will be idle in August
Italian stainless steel producer Acciai Speciali Terni will be idle in August

The company plans to carry out technical maintenance of capacities during the period of orders reduction

Photo – EU increased imports of ferroalloys from Ukraine by 33.9% y/y in January-April
EU increased imports of ferroalloys from Ukraine by 33.9% y/y in January-April

In April, deliveries of Ukrainian ferroalloys to EU countries increased by 2.4 times m/m and by 36.6% y/y

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