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EU - Latest news GMK Center

Photo – EU GDP grew by 0.8% y/y in 2024
EU GDP grew by 0.8% y/y in 2024

The indicator grew by 0.1% q/q in Q4

Photo – ECB cuts key interest rates by 25 basis points
ECB cuts key interest rates by 25 basis points

Deposit rate will be 2.75%, with marginal loans – 3.15%

Photo – Austria produced 7.1 million tons of steel in 2024
Austria produced 7.1 million tons of steel in 2024

Production remained at 2023 level

Photo – European Commission presents EU competitiveness strategy
European Commission presents EU competitiveness strategy

The strategy is based on innovation, decarbonization and safety

Photo – Poland increased steel production by 10.1% y/y in 2024
Poland increased steel production by 10.1% y/y in 2024

Production reached 7.1 million tonnes

Photo – Spain increased steel production by 3.3% y/y in 2024
Spain increased steel production by 3.3% y/y in 2024

During the year, Spanish steelmakers produced 11.82 million tons of steel

Photo – Assofermet criticizes revision of EU safeguard measures on steel imports
Assofermet criticizes revision of EU safeguard measures on steel imports

The industry association calls for refraining from extending them beyond 2025

Photo – France increased steel production by 7.6% y/y in 2024
France increased steel production by 7.6% y/y in 2024

During the year, French steelmakers produced 10.75 million tons of steel

Photo – EU increased imports of rolled steel products by 5.4% y/y in January-November
EU increased imports of rolled steel products by 5.4% y/y in January-November

Deliveries of long rolled products for the period increased by 3% y/y, and flat – by 6.3% y/y

Photo – A third of the EU steel industry is at risk of shutting down – ArcelorMittal France
A third of the EU steel industry is at risk of shutting down – ArcelorMittal France

ArcelorMittal France emphasizes the critical need to review CBAM and safeguard measures to save European steel

Photo – EU imported 5.04 million tons of steel raw materials from Russia in January-November
EU imported 5.04 million tons of steel raw materials from Russia in January-November

The bulk of the volume is accounted for by semi-finished steel products, direct reduced iron and pig iron

Photo – European steelmakers insist on improving CBAM
European steelmakers insist on improving CBAM

The changes should be implemented this year, according to EUROFER

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