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EU - Latest news GMK Center

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

Photo – ArcelorMittal Europe reduced steel output by 13.1% y/y in the first half of 2023
ArcelorMittal Europe reduced steel output by 13.1% y/y in the first half of 2023

During this period, steel shipments decreased by 7.8% y/y

Photo – The deficit of foreign steel trade in the EU increased at the beginning of the year
The deficit of foreign steel trade in the EU increased at the beginning of the year

In the first quarter, it amounted to 1.1 million tons per month, compared with 864 thousand tons in the previous quarter

Photo – What to expect in the EU square billet market: the role of Ukraine and Turkiye
What to expect in the EU square billet market: the role of Ukraine and Turkiye

Ukraine provided 51% of European imports of square billets in January-April 2023

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