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EU - Latest news GMK Center

Photo – EU to publish action plan on steel sector in two weeks
EU to publish action plan on steel sector in two weeks

The document, in particular, provides for additional priority actions for the sector

Photo – Inflation in the euro area slowed to 2.4% y/y in February
Inflation in the euro area slowed to 2.4% y/y in February

Energy prices rose by only 0.2% last month, compared to 1.9% in January

Photo – EU plan could cut fossil fuel imports by €45 billion in 2025
EU plan could cut fossil fuel imports by €45 billion in 2025

Annual savings by 2030 could increase to €130 billion

Photo – Interpipe offers railway products to the Ukrainian market in accordance with DSTU EN
Interpipe offers railway products to the Ukrainian market in accordance with DSTU EN

More than 2000 European standards, including those for railway products, were introduced in early 2024 as part of European integration

Photo – Spain increased steel production by 17.8% m/m in January
Spain increased steel production by 17.8% m/m in January

During the month, Spanish steelmakers produced 1.02 million tons of steel

Photo – EU steel demand may rise in Q2 despite high risks – WSD
EU steel demand may rise in Q2 despite high risks – WSD

Construction recovery and import decline to support the European steel market

Photo – France cut steel production by 12.8% y/y in January
France cut steel production by 12.8% y/y in January

French steelmakers produced 755 thousand tons of steel during the month

Photo – European Commission presents the Clean Industry Agreement
European Commission presents the Clean Industry Agreement

The document positions decarbonization as an engine of growth for European production

Photo – The EC launches a strategic dialog with representatives of the steel industry
The EC launches a strategic dialog with representatives of the steel industry

Dialogue will be aimed at determining the future course for the steel industry

Photo – Germany reduced steel production by 12.7% y/y in January
Germany reduced steel production by 12.7% y/y in January

The country's industry expects support from the new federal government

Photo – Steelmakers propose EC to consider monthly global hot-rolled steel quota – Argus
Steelmakers propose EC to consider monthly global hot-rolled steel quota – Argus

The offer came from South Korean steelmakers, and EUROFER considers the option viable

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