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EU - Latest news GMK Center

Photo – The EU imported 2.95 million tons of iron and steel products from Russia in January-June
The EU imported 2.95 million tons of iron and steel products from Russia in January-June

The bulk of this volume consists of pig iron, semi-finished steel products, and direct reduced iron

Photo – Marcegaglia raises pipe prices due to rising costs
Marcegaglia raises pipe prices due to rising costs

The updated price list takes into account the increase in logistics and galvanized rolled steel costs for pipe production

Photo – Italy reduced steel production by 3.7% m/m in July
Italy reduced steel production by 3.7% m/m in July

During January-July, the indicator grew by 2.8% y/y

Photo – Electricity prices in Europe fell in August amid declining demand and gas prices
Electricity prices in Europe fell in August amid declining demand and gas prices

The weighted average price for day-ahead trading in Ukraine last month was €112.6/MWh

Photo – EU reduced DRI imports by 15% y/y in 1H2025
EU reduced DRI imports by 15% y/y in 1H2025

This figure was influenced by the almost complete cessation of imports by Germany and the Netherlands

Photo – ESMC calls for CBAM to be extended to solar energy products
ESMC calls for CBAM to be extended to solar energy products

The industry association believes this will support the European solar energy market

Photo – France reduced steel production by 20.8% y/y in July
France reduced steel production by 20.8% y/y in July

Between January and July, French steelmakers reduced production by 7.8% y/y

Photo – Inflation in the eurozone accelerated to 2.1% in August
Inflation in the eurozone accelerated to 2.1% in August

Energy prices fell by 1.9% over the month

Photo – The European Commission has confirmed that CBAM will be implemented as scheduled
The European Commission has confirmed that CBAM will be implemented as scheduled

The final stage of the mechanism will not be delayed despite market rumors

Photo – Poland reduced steel production by 14.7% m/m in July
Poland reduced steel production by 14.7% m/m in July

In January-July, production volumes increased by 6.6% year-on-year

Photo – Spain increased steel production by 6.3% y/y in January-July
Spain increased steel production by 6.3% y/y in January-July

In July, steel production in the country grew by 12.9% y/y

Photo – The EU has launched consultations on three key initiatives within the CBAM mechanism
The EU has launched consultations on three key initiatives within the CBAM mechanism

The European Commission is preparing to introduce a permanent CBAM regime from 2026 and is clarifying the technical rules

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