EU - Latest news GMK Center

Eurozone economy expected to grow by 1.2% in 2024

The bloc wants certainty about US tariffs and tariff quotas on European steel and aluminum

European steelmakers are implementing more than 60 decarbonization projects

Taking into account European trade measures on imported products, local steel sales will increase

The restrictions will apply for the next 5 years

Industrialists are in favor of maintaining the existing target for the creation of CO2 storage facilities at the EU level

The parties failed to reach an agreement at the summit in October

Domestic steel industry is already part of the European industry

Politicians probably need more time to agree on the details

In 2024, the industry will recover slightly – by 0.2% y/y

In the second quarter of 2023, the volume of car production in the EU increased by 9.5% q/q

Shipments of rolled steel to third countries decreased by 6% y/y