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The funds will be used to modernize the enterprise and reduce its environmental impact

Market participants are particularly concerned about the proposal to limit the use of the quota for other countries for hot-rolled steel

The company's EBITDA for the reporting period fell by 34.5% y/y

The mechanism is designed to increase the transparency of supply and demand

The company undertakes to invest €600 million in the modernization of the plant

The indicator grew stronger than analysts' forecast

A 15 percent restriction on imports of hot-rolled coils and wire rod under the remaining quarterly quota is also introduced

The main share of imports falls on semi-finished products – 78.7% of the total volume of deliveries

UMB's new investor will invest over €300 million to restart the company, which has been idle since 2013

In particular, the law is intended to strengthen European industry in the face of competition from China and the United States

During January-April, Spanish steelmakers increased steel output by 1.7% y/y

Earlier, the European Commission announced the start of the procedure regarding the import of some Chinese seamless pipes