icon

EU - Latest news GMK Center

Photo – European steelmakers supported the EC’s green industrial strategy
European steelmakers supported the EC’s green industrial strategy

Industry representatives are ready to cooperate with the institution on the system of environmentally friendly technologies

Photo – Industrial production in the Eurozone fell by 1.1% m/m in July
Industrial production in the Eurozone fell by 1.1% m/m in July

Industrial production in the Eurozone fell by 2.2%, in the EU – by 2.4% compared to July 2022

Photo – EC has worsened the forecast for the growth of the Eurozone economy in 2023
EC has worsened the forecast for the growth of the Eurozone economy in 2023

GDP of the Eurozone and the EU is expected to grow by 0.8% this year

Photo – EU reduced the import of long rolled products from Ukraine by 26% y/y in the first half of 2023
EU reduced the import of long rolled products from Ukraine by 26% y/y in the first half of 2023

EU market consumed 204,400 tons of long rolled products of Ukrainian production in 6 months

Photo – EU steelmakers will work on their own environmental transition plan
EU steelmakers will work on their own environmental transition plan

The aim is to ensure the sustainability of the industry and compliance with the EU's overall transition to green and digital technologies

Photo – European Union reduced the import of flat rolled products from Ukraine by 47% y/y in the first half of 2023
European Union reduced the import of flat rolled products from Ukraine by 47% y/y in the first half of 2023

EU market consumed 339.6 thousand tons of flat rolled products of Ukrainian production in 6 months

Photo – EU increased imports of ferroalloys from Ukraine by 24.9% y/y in the first half of 2023
EU increased imports of ferroalloys from Ukraine by 24.9% y/y in the first half of 2023

In June, supplies of Ukrainian ferroalloys to the EU countries increased by 87% m/m and decreased by 56.2% y/y

Photo – Electricity prices on European markets rose significantly in August
Electricity prices on European markets rose significantly in August

In the EU, there is an ongoing discussion regarding the curtailment of energy support measures by national governments

Photo – For 8 months 2023 European governments have announced €8.7 bln for decarbonization of the steel sector
For 8 months 2023 European governments have announced €8.7 bln for decarbonization of the steel sector

47.6% of total funds (€4.1 bln) may be allocated to ArcelorMittal plants

Photo – EBRD will provide €182 million for the Lviv-Rava-Ruska highway overhaul
EBRD will provide €182 million for the Lviv-Rava-Ruska highway overhaul

Modernization of the highway will improve transport connections between Ukraine and the EU

Photo – Sweden’s Ovako launches a hydrogen plant at its Hofors plant
Sweden’s Ovako launches a hydrogen plant at its Hofors plant

Thus, the company strengthens Sweden's position in the field of environmental innovation

Photo – Eurozone inflation remained at 5.3% in August
Eurozone inflation remained at 5.3% in August

Analysts predicted a slowdown to 5.1%

1 92 93 94 95 96 119