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EU - Latest news GMK Center

Photo – Ukrainian and European steel industries: different challenges and shared pressures
Ukrainian and European steel industries: different challenges and shared pressures

Energy, trade, and investment pressures are creating new opportunities for cooperation

Photo – The EU has reduced its imports of raw materials by 11% since 2020
The EU has reduced its imports of raw materials by 11% since 2020

Ore production within the EU is concentrated in Sweden, while consumption remains volatile

Photo – The EU steel quota will hit Ukrainian steelmakers affected by the war hard – Interpipe CEO
The EU steel quota will hit Ukrainian steelmakers affected by the war hard – Interpipe CEO

Luca Zanotti emphasized that the Ukrainian steel industry poses no threat to Europe

Photo – The EC has approved Spain’s €9 billion electricity supply security support scheme
The EC has approved Spain’s €9 billion electricity supply security support scheme

The program is open to projects that aim to ensure access to electricity during periods of shortages

Photo – The new ETS targets are too stringent for the aluminum sector
The new ETS targets are too stringent for the aluminum sector

Developments in the sector do not follow a single path to decarbonization

Photo – Ukraine should be exempted from steel quotas under the EU’s new trade measure – Luca Zanotti
Ukraine should be exempted from steel quotas under the EU’s new trade measure – Luca Zanotti

The European Union's introduction of quotas for Ukraine would be a major step backward

Photo – China is negotiating with the EU regarding the bloc’s new restrictions on steel imports
China is negotiating with the EU regarding the bloc’s new restrictions on steel imports

The Chinese Ministry of Commerce has criticized the new European safeguard measures

Photo – European carbon prices rose to €79 per ton at the end of May
European carbon prices rose to €79 per ton at the end of May

Discussions on reforming the ETS are continuing in the EU

Photo – Five EU countries are calling for the bloc to strengthen its trade defenses
Five EU countries are calling for the bloc to strengthen its trade defenses

Although the document does not explicitly mention China, it implicitly refers to that country

Photo – The Feralpi Group has called for greater support for the European steel industry
The Feralpi Group has called for greater support for the European steel industry

The company believes that Europe needs to move away from a purely regulatory approach

Photo – Construction in the EU rose by 1.2% m/m in March
Construction in the EU rose by 1.2% m/m in March

The sector rebounded after the February decline, but the y/y trend remained negative

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