EU - Latest news GMK Center

In February, the figure fell by 20.9% y/y and 9.6% m/m

European lawmakers are calling for the removal of the 50% U.S. tariffs on steel and aluminum products

The global surplus of steelmaking capacity has reached 640 million tons and threatens investment, employment, and production in the EU

In particular, the European Commission has pledged additional support for industry to facilitate decarbonization

New quotas and higher tariffs could significantly limit supply

In particular, the parties discussed the recognition of emission verification procedures for Turkish exporters

EUROFER has criticized the failure to assess the role of fossil fuels in setting energy prices

The regulator expects inflation to reach 2.6% in 2026 and has downgraded its economic growth forecast due to higher energy costs

The residential and utility segments declined, while specialized work saw a slight increase

Exports to the United States fell by 35.4% y/y, totaling just 576,000 tons

The decline in exports of hot-rolled and cold-rolled steel products could not be offset by shipments of alloy steel and exports to the United Kingdom

The market remains sensitive to political statements