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EU - Latest news GMK Center

Photo – EUROFER: The IAA should stimulate demand for steel produced in the EU
EUROFER: The IAA should stimulate demand for steel produced in the EU

The industry is calling for stricter rules of origin to avoid subsidizing imports and losing investment

Photo – EU producers are calling for the CBAM to be extended to the processing sectors
EU producers are calling for the CBAM to be extended to the processing sectors

EUROFER and the business community warn: unless changes are made, the mechanism will encourage imports and put pressure on European producers

Photo – The EU scrap market balance in 2025
The EU scrap market balance in 2025

Weak steel production held back demand, while exports stabilized, with a focus on Turkey and Egypt

Photo – The EU will respond to Trump’s 25% auto tariffs
The EU will respond to Trump’s 25% auto tariffs

The U.S. President is once again violating existing trade agreements

Photo – Eurozone GDP rose by 0.8% y/y in Q1
Eurozone GDP rose by 0.8% y/y in Q1

Compared to the previous quarter, the figure increased by 0.1%

Photo – The EU has rejected the US plan to resolve the dispute over steel tariffs
The EU has rejected the US plan to resolve the dispute over steel tariffs

The bloc is considering possible countermeasures, although technical discussions with the U.S. are ongoing

Photo – WTO Committee reviews steel safeguards
WTO Committee reviews steel safeguards

The organization discussed measures taken by the EU, the UK, and other countries to restrict imports of metal products

Photo – The ECB left its key interest rates unchanged
The ECB left its key interest rates unchanged

The war in the Middle East has intensified inflationary pressures

Photo – The EU has approved new state aid for energy-intensive industries
The EU has approved new state aid for energy-intensive industries

The new crisis relief mechanism allows for the reimbursement of electricity costs through the end of 2026

Photo – European steelmakers expect the market to recover – Reuters
European steelmakers expect the market to recover – Reuters

The conflict in the Middle East is affecting Asian competitors

Photo – The European Council has issued a statement on new protective measures in the steel market
The European Council has issued a statement on new protective measures in the steel market

Among other things, the document contains provisions regarding the volume and application of quotas

Photo – Stegra and Sunfire propose revising the Industrial Accelerator Act
Stegra and Sunfire propose revising the Industrial Accelerator Act

In particular, the market is moving toward stricter standards for low-carbon products

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