EUROFER - Latest news GMK Center

EUROFER warns that expensive electricity is slowing down investment and decarbonization and threatening steel production

Weak recovery in 2025-2026 will not compensate for losses due to the energy crisis and low investment

Uncertainty surrounding electric vehicles and trade barriers are holding back the industry's recovery in Europe

A decline in shipments was recorded in most directions and product categories, especially in the long-rolled segment

Total steel shipments increased by 0.3% y/y, with long products up 14% y/y

At the same time, in 2025, the indicator will decline for the fourth consecutive year

Social partners call on EU institutions to introduce new trade measures by April 2026

Electricity costs for industrial consumers in the EU are twice as high as in the US and 50% higher than in China

European steelmakers are generally supportive, while trading partners are asking for consultations

Europe must think strategically about steel, according to the association

The pipe sector has recorded its fifth consecutive quarterly decline, with recovery expected only in 2026

The petition includes a number of Turkish producers