Europe - Latest news GMK Center

The EU needs to prioritize investments in clean energy and decarbonisation

The indicator fell by 6.3% compared to the second quarter of the 2022/2023 financial year

Scrap quotations in Turkiye for the week of January 2-9, 2023, rose by $13/t amid steady demand for finished steel products

The increase in European prices will not help exports from Turkiye yet

Annually, international auditors check whether the company's activities meet international standards

The increase in the cost of raw materials, high energy prices and a decrease in business activity will have a negative impact on the steel market

The association calls on EU politicians to find a solution for exports within the framework of CBAM

European producers are trying to push the market, and export prices have increased in Turkiye

In France it increased by 14.7%, in Germany – by 10.5%

In general, on the European hot-rolled market trade of products is limited. Restocking is expected no earlier than next year

Buyers are testing the market to see if prices have bottomed out

The company announced further production cuts in the fourth quarter