EU - Latest news GMK Center

Shipments of flat rolled products from the EU decreased by 10% y/y, and of long products – by 22% y/y

Apparent steel consumption expected to fall 1% in 2023

At the same time, core inflation slowed to 5.6%

The country uses the standards of the European Union, building the internal market

The revised regulation is likely to enter into force in 2024

Ukrainian exporters to the EU should keep abreast of the future details of CBAM implementation as the mechanism is still being developed

In annual terms, GDP growth amounted to 1.3%

The volume of production in the construction sector of the Eurozone increased by 2.3% for the month

The country is taking steps to reduce carbon emissions in industry

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

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

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