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EU - Latest news GMK Center

Photo – Industrial production in the Eurozone in September 2022 increased by 4.9% y/y
Industrial production in the Eurozone in September 2022 increased by 4.9% y/y

Compared to August, industrial production in the Eurozone and the EU increased by 0.9%

Photo – The EU is working on a scheme to block steel products from Russian slabs
The EU is working on a scheme to block steel products from Russian slabs

The rolling market is undergoing significant changes under the conditions of European sanctions

Photo – The demand for rebar on the world market remains unstable
The demand for rebar on the world market remains unstable

Italian producers raise prices, and Turkish producers are forced to lower quotations

Photo – Steel production in Europe may fall by 4% in 2022
Steel production in Europe may fall by 4% in 2022

The consumption of steel products in the EU will fall by 3.5% in 2022

Photo – The development of a feasibility study for the expansion of the eurotrack to Ukraine has started
The development of a feasibility study for the expansion of the eurotrack to Ukraine has started

The development of border crossing points was discussed separately

Photo – Electricity prices in the EU fell significantly in October 2022
Electricity prices in the EU fell significantly in October 2022

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

Photo – The UK’s producers are calling for the loophole for Russian steel to be closed
The UK’s producers are calling for the loophole for Russian steel to be closed

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

Photo – The European Commission will present a €18 billion financial assistance plan to Ukraine
The European Commission will present a €18 billion financial assistance plan to Ukraine

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

Photo – High energy prices threaten the industrial base of the EU —  Moody’s
High energy prices threaten the industrial base of the EU — Moody’s

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

Photo – EUROFER and European Aluminum call for careful CBAM implementation
EUROFER and European Aluminum call for careful CBAM implementation

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

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