EU - Latest news GMK Center

The cost of electricity is still higher than at the beginning of the year

Producers fear that steel from the Russian Federation, which was previously supplied to the EU, will be redirected to the UK

The program provides up to €1.5 billion per month to finance the main functions of the state

There is a high risk of investment displacement from energy-intensive production sectors of the EU

The EU aims to reduce net carbon emissions by 55% by 2030

Inventories are declining, and imports of these products to Europe have slowed down

It is proposed to establish subsidies for power plants using gas

The package of specific measures presented by the European Commission has not yet been approved

European steel buyers are already looking for suppliers in Southeast Asia

Russia's NLMK is also looking for alternative suppliers for European assets

Growth by 1% – to 1.814 billion tons is expected in 2023

Steel producers achieved concessions in negotiations on changes in the European carbon market