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EU - Latest news GMK Center

Photo – Industrial production in the EU grew by 0.7% m/m in February
Industrial production in the EU grew by 0.7% m/m in February

Compared to February 2023, the indicator decreased by 5.4%

Photo – European steel industry needs 5 million tons of hydrogen per year for decarbonization
European steel industry needs 5 million tons of hydrogen per year for decarbonization

The main steel projects in the region will be ready to use hydrogen by 2026-2027

Photo – European Commission approves plan for Ukraine Facility
European Commission approves plan for Ukraine Facility

EU member states have one month to adopt the implementation decision proposed by the EC

Photo – EU considers acquisition of US Steel by Japanese Nippon Steel
EU considers acquisition of US Steel by Japanese Nippon Steel

Antitrust decision on the deal is expected in mid-May

Photo – EU industry seeks deep energy market reform
EU industry seeks deep energy market reform

The deficit of investments in the European energy grid is estimated at €800 billion by 2030

Photo – Tata Steel India reaches record steel production in FY2023-2024
Tata Steel India reaches record steel production in FY2023-2024

Over the past fiscal year, the division increased steel production by 4% y/y – up to 20.8 million tons

Photo – Emissions under the EU ETS decreased by a record 15.5% y/y in 2023
Emissions under the EU ETS decreased by a record 15.5% y/y in 2023

In energy-intensive industries, emissions decreased by approximately 7% y/y

Photo – European steel industry should better justify decarbonization – Tata Steel CEO
European steel industry should better justify decarbonization – Tata Steel CEO

EU steel producers, in the midst of technological change, find themselves in a difficult situation

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

The indicator has been declining for the third month in a row

Photo – Austria increased steel production by 8.6% y/y in February
Austria increased steel production by 8.6% y/y in February

In one month, Austrian steelmakers produced 580,000 tons of steel

Photo – EU countries propose to ban imports of Russian scrap
EU countries propose to ban imports of Russian scrap

The proposal was submitted by Lithuania, the Czech Republic, Latvia and Estonia

Photo – EU increased exports of long products by 4.1% y/y in 2023
EU increased exports of long products by 4.1% y/y in 2023

The main consumers of long products in the EU last year were the US, UK and Switzerland

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