EU - Latest news GMK Center

Currently, several European steel mills are already carrying out maintenance

The EU and the US are expected to reach a Global Agreement on Sustainable Steel and Aluminum Production this week

Compared to August 2022, industrial production in the Eurozone fell by 5.1%, in the EU – by 4.4%

The country's commerce ministry believes it will disrupt global supply chains

European producers continue to buy products from the Russian steel industry, since the current sanctions do not ban imports completely

Cheap imported steel products occupy an increasingly large share of the European steel market

Otherwise, CO2 allowance prices could make the industry uncompetitive

The company is currently increasing production and reorienting

The division's steel production decreased by 17% y/y through the maintenance of one of the blast furnaces in the Netherlands

The US has asked the bloc to take action in exchange for avoiding Section 232 tariff rollbacks

Imports of Russian-origin slabs to the EU will be stopped from October 2024, according to the eighth package of sanctions

Experts expected a drop of 0.1%