EU - Latest news GMK Center

Electricity demand continued to decline in most markets in May 2023

In the first quarter of 2023, seasonally adjusted GDP in the eurozone fell by 0.1%

Shipments of long rolled products decreased by 7% y/y, and flat – by 12% y/y

The measures will remain in effect until the end of June 2024

European producers will be more interested in the hot-rolled coil and preparation of Ukrainian origin

One of the problems is the lack of renewable energy supply capacity

The main volume of products was shipped from Russia and Libya – 357.7 thousand tons and 100.5 thousand tons, respectively

The indicator fell to a minimum since February 2022

The duty rate is 10.6% of the net price of products

Global steel industry is increasingly focused on steel production in EAF

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

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