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EU - Latest news GMK Center

Photo – Investments in European construction will decrease by 2.5% y/y in 2023 – forecast
Investments in European construction will decrease by 2.5% y/y in 2023 – forecast

The industry association predicts that 2023 will be a year of decline after two consecutive years of growth

Photo – The ITC has launched an investigation into the intensity of emissions in the US steel industry
The ITC has launched an investigation into the intensity of emissions in the US steel industry

The investigation is being conducted at the request of US Trade Representative Catherine Tai

Photo – EU steel coil producers cut prices amid contract negotiations
EU steel coil producers cut prices amid contract negotiations

Plants are making concessions because the market rejected the first offers

Photo – China has used more than 60% of the quotas for steel imports into the EU since July 1
China has used more than 60% of the quotas for steel imports into the EU since July 1

In the current quarterly EU quota period, China is subject to the most restrictions, 23 out of 29

Photo – Beltrame suspends EU production lines due to high costs
Beltrame suspends EU production lines due to high costs

The company's facilities in Italy and France are currently idle. Suspension of bar production expected in Switzerland

Photo – EU automotive sector shows good growth: how will it affect steel consumption
EU automotive sector shows good growth: how will it affect steel consumption

The European automotive industry shows good development dynamics this year

Photo – Eurozone inflation slowed to 5.5% in June
Eurozone inflation slowed to 5.5% in June

Experts expected a more moderate easing – to 5.6%

Photo – ArcelorMittal to raise prices for long products in the EU by €30/t
ArcelorMittal to raise prices for long products in the EU by €30/t

The new pricing policy will apply to July and August orders

Photo – The European Union imported 486.7 ths t of Russian iron and steel products in April
The European Union imported 486.7 ths t of Russian iron and steel products in April

The main share of imports falls on semi-finished products – 72.7% of the total supply

Photo – Ukraine will join the EU programs «Single market» and «Customs»
Ukraine will join the EU programs «Single market» and «Customs»

Ratification of agreements will provide business with additional incentives and opportunities and will contribute to the growth of trade

Photo – The level of export prices on the global steel market decreased in June
The level of export prices on the global steel market decreased in June

Chinese producers maintain a price advantage, India cannot withstand competition with China

Photo – EU construction industry outlook and its impact on the steel market
EU construction industry outlook and its impact on the steel market

The situation varies by country, but pessimism is observed in the largest EU economies – Germany and France

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