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EU - Latest news GMK Center

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

Photo – Germany reduced steel production by 11.3% y/y in March
Germany reduced steel production by 11.3% y/y in March

Since the beginning of the year, the indicator has decreased by 12.5% y/y

Photo – Construction in the EU fell by 0.4% m/m in February
Construction in the EU fell by 0.4% m/m in February

The largest declines were observed in Slovenia, Germany and Poland

Photo – Italy increased steel production by 11.2% m/m in March
Italy increased steel production by 11.2% m/m in March

During January and March, the indicator grew by 3.1% y/y

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