EU - Latest news GMK Center

Production volumes grew by 7.4% y/y in 1H2025

Despite the efforts of the European Commission, 50% tariffs on steel remain in place and threaten exports and production in the EU

The parties have agreed on a fixed duty, the abolition of tariffs on strategic goods, and new energy agreements

In June, steel production in the country grew by 4.1% y/y

Weak demand, cheap imports from Asia, and the approaching CBAM caused a further decline in coil prices

The Commission has noted a shortage of scrap for steelmakers and warned of risks to green policy

Between January and June, French steelmakers reduced production by 5.3% year-on-year

The producer claims to have lost profitability due to cheap imported steel and high energy prices and CO2 emissions

HRC prices in Northern Europe have fallen to €530/t, but demand is beginning to recover ahead of Q4 and CBAM

The initiative aims to simplify and streamline administrative requirements related to the environment

The bloc could quickly impose 30% tariffs on US goods worth around €100 billion

The volume of mining activity has halved over the last two and a half decades