EU - Latest news GMK Center

New EU restrictions could cut Britain off from its largest steel market and exacerbate the crisis in the industry

These products often circumvent trade defense measures and CBAM, according to the association

The parties are currently considering a temporary agreement as a possibility

Europe must think strategically about steel, according to the association

Representatives of the steel sector insist on the urgent implementation of the EU Action Plan for Steel and Metals

In this way, the bloc aims to mirror the policies of other jurisdictions, in particular the US

Energy prices remained virtually unchanged over the month

The restrictions cover exports, imports, and financial transactions, with current contracts remaining in force until 2026

During January-August, the industry's production figures fell by 0.8% year-on-year

In January-August, production volumes grew by 7.2% y/y

In August, steel production in the country fell by 10.3% y/y

The duties, which apply to products from Egypt, Japan, and Vietnam, will remain in force for five years