EU - Latest news GMK Center

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

The bloc is preparing for the next round of trade negotiations

Energy prices decreased by 3.6% over the month

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

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

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

ICE launches first CO2 futures in the upcoming ETS2

Anti-dumping duties are set at 13-62%

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

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

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

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