EU - Latest news GMK Center

Imports increased by 6% y/y.

In the Eurozone, this indicator increased by 1.8% m/m

The export of this raw material from the EU in January-June amounted to 7.36 million tons

The company signed a contract with a large electricity supplier in Romania

Up to €150 million is planned to be invested in the modernization of the steel plant

Material shortages may occur if demand and consumption improve

The main share of imports is iron ore – 44.1 million tons

The industry is under the pressure of high costs and volumes of cheap imports

The main volumes of deliveries are steel raw materials – 9.37 million tons

Australia and Brazil have not yet used their quotas for these products in the «other countries» category

The company is bullish on current levels and has withdrawn all offers below €590/t