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EU - Latest news GMK Center

Photo – The use of EU steel import quotas accelerated in the second quarter
The use of EU steel import quotas accelerated in the second quarter

In the first quarter, a slowdown in the rate of quota utilization was observed amid reduction in imports of key types of steel

Photo – The EU extended anti-dumping measures to the import of stainless steel coils from Turkiye
The EU extended anti-dumping measures to the import of stainless steel coils from Turkiye

The European Commission has established that Turkish companies are actually helping Indonesian companies to circumvent previously introduced protective measures

Photo – The European Parliament approved the CBAM and the reform of the emissions trading system
The European Parliament approved the CBAM and the reform of the emissions trading system

CBAM will apply from October 1, 2023, with a transitional period

Photo – The EU will develop transport links with Ukraine and Moldova
The EU will develop transport links with Ukraine and Moldova

Major TEN-T projects to be completed by the end of 2030

Photo – EU steel market is under pressure of limited supplies
EU steel market is under pressure of limited supplies

Problems of local steel plants hinder finding balance between demand and supply

Photo – Industrial production in the Eurozone fell by 0.5% m/m in February
Industrial production in the Eurozone fell by 0.5% m/m in February

Compared to February 2022, industrial production in the Eurozone increased by 13.2%, and in the EU – by 14.5%

Photo – Import quotas in the EU remained unused in the first quarter
Import quotas in the EU remained unused in the first quarter

Quotas for most products were selected slowly

Photo – Ukraine received €1.5 billion in macro-financial assistance from the EU
Ukraine received €1.5 billion in macro-financial assistance from the EU

From the beginning of 2023, the total amount of direct budget aid from the EU will reach €4.5 billion

Photo – Marcegaglia plans to acquire Latvian Severstal Distribution SIA
Marcegaglia plans to acquire Latvian Severstal Distribution SIA

Currently, these intentions are being evaluated by the EU antimonopoly authority

Photo – The EU presented a strategy for providing the bloc with critical raw materials
The EU presented a strategy for providing the bloc with critical raw materials

The list of strategic raw materials includes 16 items

Photo – Industrial production in the eurozone in January 2023 increased by 0.7% m/m
Industrial production in the eurozone in January 2023 increased by 0.7% m/m

Compared to January 2022, industrial production in the Eurozone increased by 0.9%, and in the EU – by 1%

Photo – EUROFER calls for a comprehensive reform of the EU electricity market
EUROFER calls for a comprehensive reform of the EU electricity market

Currently, the steel sector consumes about 75 TWh of electricity per year

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