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EU - Latest news GMK Center

Photo – The EU should stimulate green investments in Europe — EUROFER
The EU should stimulate green investments in Europe — EUROFER

The gap in the cost of steel production between the EU and the US may increase to 60%

Photo – European steelmakers cut steel production by 10.5% in 2022
European steelmakers cut steel production by 10.5% in 2022

All major steel producers in the European Union showed a significant drop in smelting

Photo – The EU should develop a scheme similar to the green subsidies of the USA — ThyssenKrupp
The EU should develop a scheme similar to the green subsidies of the USA — ThyssenKrupp

Energy prices may force European companies to relocate production

Photo – The EU’s anti-dumping duties on stainless steel have hit Indonesia’s exports
The EU’s anti-dumping duties on stainless steel have hit Indonesia’s exports

Indonesia has submitted a request to the WTO for consultations on this issue

Photo – How Western sanctions affect Russian steel trade
How Western sanctions affect Russian steel trade

The European market remained open for raw materials from the Russian Federation, the USA introduced minimal bans

Photo – EUROFER calls on the European Union to include scrap in the list of critical raw materials
EUROFER calls on the European Union to include scrap in the list of critical raw materials

A high rate of raw material exports risks jeopardizing both Europe's strategic autonomy and its climate goals

Photo – Inconsistency in EU and US approaches will affect global climate efforts
Inconsistency in EU and US approaches will affect global climate efforts

The EU reached a preliminary agreement on CBAM in December 2022

Photo – Investments in the decarbonization of industry should remain in the EU
Investments in the decarbonization of industry should remain in the EU

In 2023, the European Union will focus on supporting green technologies

Photo – Adolfo Aiello: CBAM should motivate non-EU steel producers to decarbonise
Adolfo Aiello: CBAM should motivate non-EU steel producers to decarbonise

EUROFER Deputy Director General Climate and Energy about the deal on the Carbon Border Adjustment Mechanism and review the Emissions Trading System in EU

Photo – The European Parliament approved the proposal on new rules for scrap export from the EU
The European Parliament approved the proposal on new rules for scrap export from the EU

EUROFER believes that stricter monitoring of exports to third countries is necessary

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