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Europe - Latest news GMK Center

Photo – Buying interest in green steel in Europe is limited by economic difficulties
Buying interest in green steel in Europe is limited by economic difficulties

Demand for these products in Europe is inhibited by high premiums and lack of incentives for consumers

Photo – Sentiment in the German auto industry continues to deteriorate
Sentiment in the German auto industry continues to deteriorate

European automakers face high production costs and fierce competition

Photo – European long products producers struggle with high costs
European long products producers struggle with high costs

The ongoing market downturn may force steelmakers to shut down or sell some capacity

Photo – Electricity prices in Europe fluctuated in October due to changes in gas prices and renewable generation
Electricity prices in Europe fluctuated in October due to changes in gas prices and renewable generation

In Ukraine, the weighted average price of electricity on the DAM amounted to €123.6/MWh

Photo – ECB cuts key interest rates for the third time in a year
ECB cuts key interest rates for the third time in a year

Inflation in the Eurozone fell below the target level in September

Photo – Electricity prices in Europe fell significantly in September
Electricity prices in Europe fell significantly in September

The Ukrainian day-ahead market price in September was €123.7/MWh

Photo – EU companies prepare for full implementation of CBAM in 2026
EU companies prepare for full implementation of CBAM in 2026

Business studies the specifics of the mechanism and accelerates decarbonization efforts

Photo – Electricity prices rose significantly in August in most European countries
Electricity prices rose significantly in August in most European countries

In Ukraine, the weighted average price for DAM in August was €126.7/MWh, which is 40.4% more than the average for 2023

Photo – Steel demand in Europe may improve only in 2025
Steel demand in Europe may improve only in 2025

European industry and construction are recovering too slowly

Photo – Electricity prices in Europe increased significantly in June
Electricity prices in Europe increased significantly in June

European steelmakers call for paying attention to electricity prices, Ukrainian steel sector proposes to reduce the share of electricity imports which is needed to ensure stable energy supply to 50%

Photo – Prices on the European ferroalloy market remain in a wide range
Prices on the European ferroalloy market remain in a wide range

Merafe will stop publishing quarterly reference prices for ferrochrome starting in June

Photo – Electricity prices in Europe increased in May in most countries
Electricity prices in Europe increased in May in most countries

In particular, electricity cost was affected by the increase in the price of gas and carbon emissions

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