EU - Latest news GMK Center

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%

In this way, the parties try to prevent the return of mutual duties

In 7 months, the EU market consumed 395.95 thousand tons of flat rolled products of Ukrainian production

Such values ​​can be achieved with a target range of 90% emission reduction

The sale agreement was concluded in February 2023