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EU - Latest news GMK Center

Photo – Voestalpine demands compensation for electricity costs to maintain production
Voestalpine demands compensation for electricity costs to maintain production

Austrian steel giant calls on the government to ensure fair competition in the EU

Photo – Trump’s tariff expansion could hit EU goods by another €170 billion
Trump’s tariff expansion could hit EU goods by another €170 billion

The bloc is preparing retaliatory measures in case of failure of negotiations and monitors the risks of import diversion

Photo – One of the most modern rolling lines in Europe to be opened in Polish Silesia
One of the most modern rolling lines in Europe to be opened in Polish Silesia

Cognor completes construction of a new rolling line in Siemianowice Słonske worth PLN 800 million

Photo – Inflation in the euro area stabilized at +2.2% y/y in April
Inflation in the euro area stabilized at +2.2% y/y in April

Energy prices decreased by 3.5% over the month

Photo – EU considers increasing purchases from the US by €50 billion
EU considers increasing purchases from the US by €50 billion

China is evaluating the possibility of negotiations, and Japan aims to reach a trade agreement in June

Photo – EU’s GDP grew by 0.3% q/q in Q1
EU’s GDP grew by 0.3% q/q in Q1

The bloc's economy grew by 1.4% year-on-year

Photo – Belgium increased steel production by 6.2% y/y in Q1
Belgium increased steel production by 6.2% y/y in Q1

In March, the country's steelmakers increased steel production by 3.4% m/m and 6.8% y/y

Photo – SSAB increased rolled steel production by 6.3% y/y in Q1
SSAB increased rolled steel production by 6.3% y/y in Q1

Shipments of products increased by 5.9% y/y and steel production – by 0.3% y/y.

Photo – Spain increased steel production by 10.9% y/y in March
Spain increased steel production by 10.9% y/y in March

Spanish steelmakers increased steel production by 8.1% y/y in Q1

Photo – Liberty Steel Liège’s bankruptcy was predictable – IndustriAll Europe
Liberty Steel Liège’s bankruptcy was predictable – IndustriAll Europe

Trade Unions Call for Workers' Protection after the Collapse of a Strategic Steel Enterprise

Photo – EU increased imports of iron and steel products from Russia by 71% y/y in January-February
EU increased imports of iron and steel products from Russia by 71% y/y in January-February

Main volume is accounted for by pig iron, semi-finished steel products, and direct reduced iron

Photo – LKAB increased iron ore shipments by 2.2 times y/y in Q1
LKAB increased iron ore shipments by 2.2 times y/y in Q1

Production of iron ore products decreased by 1.5% y/iy over the period

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