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EU - Latest news GMK Center

Photo – Poland is appeals the European CBAM and ETS through the court
Poland is appeals the European CBAM and ETS through the court

The country is concerned about the impact of the EU's climate policy on the Polish economy

Photo – EC approves €6.5 billion German support scheme to eliminate risk of carbon leakage
EC approves €6.5 billion German support scheme to eliminate risk of carbon leakage

Energy-intensive companies will be able to receive compensation for part of the fuel costs

Photo – Electricity prices in Europe fell in July thanks to renewable energy
Electricity prices in Europe fell in July thanks to renewable energy

The exception was Italy, where the share of more expensive sources in the generation mix increased last month

Photo – Steel import to EU grew. What’s good?
Steel import to EU grew. What’s good?

In the 2Q, HRC imports averaged 0.75 million tons per month, in the 1Q – 0.5 million tons per month

Photo – UK has changed the scheme of calculating duties on flat-rolled goods from Iran and the Russian Federation
UK has changed the scheme of calculating duties on flat-rolled goods from Iran and the Russian Federation

The government has canceled anti-dumping duties for some companies whose products are subject to protective duties

Photo – Ukraine needs to build almost 3,300 km of Eurotrack
Ukraine needs to build almost 3,300 km of Eurotrack

This step is foreseen by the strategy of integration of Ukraine and the European Union's railway networks

Photo – Japan’s industry groups criticize CBAM reporting
Japan’s industry groups criticize CBAM reporting

Industrialists are concerned that this could lead to the disclosure of confidential information

Photo – European slab market: who replaced the shares of Ukraine and Russia?
European slab market: who replaced the shares of Ukraine and Russia?

European consumers are preparing for the entry into force of sanctions on slabs and are looking for alternative suppliers

Photo – Eurozone inflation slowed to 5.3% in July
Eurozone inflation slowed to 5.3% in July

The indicator reached its lowest level since January 2022

Photo – Austria reduced steel production by 4% y/y in the first half of 2023
Austria reduced steel production by 4% y/y in the first half of 2023

In June, Austrian steel companies increased steel output by 2.7% y/y, but decreased it by 1.8% m/m

Photo – Eurozone GDP grew by 0.3% q/q in Q2
Eurozone GDP grew by 0.3% q/q in Q2

The economy of the European Union in April-June did not change compared to the first quarter of 2023

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