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In total, Ukraine received €4.2 billion in macro-financial assistance from the European Union this year

Despite the willingness of producers to provide discounts on products, demand is not recovering

On October 3, the price of rebar from Türkiye was at the level of $682.5/t

Russian suppliers are gradually occupying the traditional export markets of Ukrainian steel plants

The steel sector replenishes the budgets of European countries with tens billions of euros, but mass shutdowns of capacities will negatively affect the amount of tax revenues

Having worked for only a week after the previous downtime, the company shuts down again due to high electricity prices

With this step, the company expects to reduce electricity costs without stopping production

Also, the rise in energy prices and the war in Ukraine put the ambitious green transition of European steelmakers on pause

Industrial regions of the country account for a significant share of greenhouse gas emissions, the main sources of which are the iron and steel industries

Fifteen European plants suspended or plan to suspend steel production

Imports of Turkish steel are subject to tariff quotas

On August 2, it is planned to receive another €500 million