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EU - Latest news GMK Center

Photo – EU could become scrap importer in less than 5 years – forecast
EU could become scrap importer in less than 5 years – forecast

Global steel industry is increasingly focused on steel production in EAF

Photo – The European Union imported 1.36 million tons of iron and steel products from Russia in January-March
The European Union imported 1.36 million tons of iron and steel products from Russia in January-March

The costs of importing Russian iron and steel products amounted to €662.11 million

Photo – MEPS predicts the recovery of the EU stainless steel market in 2024
MEPS predicts the recovery of the EU stainless steel market in 2024

Demand and the steel sector as a whole will strengthen until the end of the third quarter of 2023

Photo – The European Union imported 38,600 tons of scrap from Ukraine in January-March
The European Union imported 38,600 tons of scrap from Ukraine in January-March

In March, European importers consumed 16.19 thousand tons of Ukrainian scrap

Photo – The EU reduced imports of semi-finished products from Ukraine by 59% y/y in the first quarter
The EU reduced imports of semi-finished products from Ukraine by 59% y/y in the first quarter

In March, deliveries of Ukrainian semi-finished products to EU countries fell by 13.5% m/m and by 37.6% y/y

Photo – The EU and India will negotiate on the application of CBAM
The EU and India will negotiate on the application of CBAM

Indian industrialists are concerned about the future impact of the mechanism on the country's exports

Photo – Ukraine and the EU discussed the possibility of restoring domestic steel industry
Ukraine and the EU discussed the possibility of restoring domestic steel industry

The industry has suffered significant losses due to the full-scale invasion of the Russian Federation

Photo – Svitlana Dubynina: «Despite the war, Zaporizhabrazive remains a reliable supplier for the EU»
Svitlana Dubynina: «Despite the war, Zaporizhabrazive remains a reliable supplier for the EU»

Zaporizhzhia Abrasive Plant is the only national producer of abrasive products

Photo – The EU extended the regime of duty-free trade with Ukraine for one year
The EU extended the regime of duty-free trade with Ukraine for one year

The European Union suspends all tariffs, quotas and trade protection measures on Ukrainian exports until June 2024

Photo – The EU increased imports of ferroalloys from Ukraine by 32.4% y/y in the first quarter
The EU increased imports of ferroalloys from Ukraine by 32.4% y/y in the first quarter

In March, deliveries of Ukrainian ferroalloys to EU countries fell by 35.5% m/m and by 43.2% y/y

Photo – The European Commission recommended to curtail energy support measures in the EU by the end of 2023
The European Commission recommended to curtail energy support measures in the EU by the end of 2023

New measures, if needed, should be aimed at protecting vulnerable households and businesses

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