EU - Latest news GMK Center

Shipments of long rolled products decreased by 4% y/y, and flat – by 10% y/y

Environmental subsidies will support the decarbonization of steel production processes

The proposed steps do not address the root causes of high prices

About 40% of the total import quotas for hot-rolled coils have already been used

In May, deliveries of Ukrainian semi-finished products to EU countries increased by 14.2% m/m and by 35.6% y/y

The mechanism requires data from importers that is not requested from European steel producers

Tariffs on Chinese products were kept at the level of 29.2-54.9%

In May, deliveries of Ukrainian iron ore to EU countries fell by 21.2% m/m and 34.1% y/y

Compared to May 2022, industrial production in the Eurozone decreased by 2.2%, in the EU – by 1.8%

In total, it is about 41 large-scale projects in 15 countries

The construction of the Eurotrack in Ukraine and Moldova will bring the countries closer to the EU single market

EU member states must reduce final energy consumption by at least 11.7% by 2030