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EU - Latest news GMK Center

Photo – LIBERTY Galați resumes production after a year of downtime
LIBERTY Galați resumes production after a year of downtime

Pig iron smelting started on June 4, and steel production is expected to start in a few days.

Photo – EU may speed up tariffs in response to US duties
EU may speed up tariffs in response to US duties

The bloc is preparing for the next round of trade negotiations

Photo – Eurozone inflation slowed to 1.9% in May
Eurozone inflation slowed to 1.9% in May

Energy prices decreased by 3.6% over the month

Photo – Spanish Unesid insists on strengthening protection of European steel industry
Spanish Unesid insists on strengthening protection of European steel industry

This is a new effective tool for trade protection and energy cost reduction

Photo – Doubling of US tariffs on steel imports will put pressure on European steel industry – WV Stahl
Doubling of US tariffs on steel imports will put pressure on European steel industry – WV Stahl

On May 30, Trump announced a 50% increase in tariffs on steel and aluminum imports to the United States

Photo – Poland exported a record 2.8 million tons of scrap in 2024
Poland exported a record 2.8 million tons of scrap in 2024

Raw material supplies to third countries increased by 1.4% y/y, and to the EU – by 10.1% y/y

Photo – Carbon prices in the EU increased by 7% in May
Carbon prices in the EU increased by 7% in May

ICE launches first CO2 futures in the upcoming ETS2

Photo – The EU has almost exhausted its annual quota for imports of Russian pig iron in 3 months
The EU has almost exhausted its annual quota for imports of Russian pig iron in 3 months

Despite the sanctions, in the first quarter, Russia exported 697 thousand tons of pig iron to the EU out of the authorized 700 thousand tons

Photo – Austria reduced steel production by 6% y/y in January-April
Austria reduced steel production by 6% y/y in January-April

In April, the country's steelmakers produced 615 thousand tons of steel

Photo – CBAM threatens exports to the EU: business united and calls on the Cabinet of Ministers to take immediate action
CBAM threatens exports to the EU: business united and calls on the Cabinet of Ministers to take immediate action

If Ukraine does not apply to the EU in the coming weeks, the tangible impact of the CBAM on the economy will begin in November 2025

Photo – German ROGESA shuts down blast furnace No. 4 for 55-day maintenance
German ROGESA shuts down blast furnace No. 4 for 55-day maintenance

The work started on May 21, earlier than the originally planned third quarter

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