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EU - Latest news GMK Center

Photo – EUROFER expects steel consumption in the EU to decline for the fourth consecutive year
EUROFER expects steel consumption in the EU to decline for the fourth consecutive year

EU steel demand has been falling since 2022, and the forecast for 2025 has been revised downward again

Photo – ECB cuts interest rates for the eighth time in a year
ECB cuts interest rates for the eighth time in a year

The regulator also lowered its inflation forecasts for the euro area for the current and next years

Photo – Spanish Grupo CL closes Corrugados Getafe rebar plant
Spanish Grupo CL closes Corrugados Getafe rebar plant

After 75 years of operation, the plant in the suburbs of Madrid stops production due to a number of negative factors

Photo – EU extends suspension of steel safeguard measures for Ukraine
EU extends suspension of steel safeguard measures for Ukraine

Under certain conditions, the EC will be able to suspend the regulation for certain products for up to 12 months

Photo – New US duties disrupt EU steel market recovery by 2026 – EUROFER
New US duties disrupt EU steel market recovery by 2026 – EUROFER

Due to trade turmoil in the EU, steel consumption is expected to fall for the fourth consecutive year

Photo – US trading partners react to doubling of steel tariffs
US trading partners react to doubling of steel tariffs

Countries are negotiating with the United States, but are ready to take retaliatory measures

Photo – Voestalpine ends fiscal year 2024/25 with EBITDA of €1.3 billion
Voestalpine ends fiscal year 2024/25 with EBITDA of €1.3 billion

Despite the challenging environment, the company has maintained its profit and expects to improve due to reorganization

Photo – EUROFER calls for immediate action over 50% US steel duty
EUROFER calls for immediate action over 50% US steel duty

The European Commission should quickly introduce new barriers to save the steel market from collapse

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

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