European Union News — GMK Center https://gmk.center/en/tag/european-union/ This is an informational-analytical, discussion platform Tue, 06 Jan 2026 09:00:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png European Union News — GMK Center https://gmk.center/en/tag/european-union/ 32 32 <![CDATA[The global economy and economies’ of Ukrainian major partners in 2026]]> https://gmk.center/en/posts/fragile-stability-the-global-economy-and-ukraines-major-partners-in-2026/ Tue, 06 Jan 2026 09:00:32 +0000 https://gmk.center/?post_type=posts&p=118270 In the context of war, the Ukrainian economy is even more dependent on the state of the global economy as a whole and its largest partners in particular. Next year is expected to be a period of moderate growth amid geopolitical instability, rising protectionism, and continued weakness in the European economy. Expectations for the global […]

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]]> <![CDATA[Seasonal factors, not geopolitics: what is driving gas prices this winter]]> https://gmk.center/en/opinion/seasonal-factors-not-geopolitics-what-is-driving-gas-prices-this-winter/ Mon, 22 Dec 2025 11:54:56 +0000 https://gmk.center/?post_type=opinion&p=118005 Europe is entering winter with gas prices a third lower than last year, despite geopolitical tensions. Successful diversification and stable LNG supplies have offset Russia’s influence on the market. EU lawmakers recently approved a ban on Russian LNG imports from early 2026 and a gradual phase-out of pipeline resources by September 30, 2027. The Ukrainian […]

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]]> <![CDATA[The EU is expected to increase scrap collection by 8 million tons in 2026]]> https://gmk.center/en/opinion/the-eu-is-expected-to-increase-scrap-collection-by-8-million-tons-in-2026/ Thu, 11 Dec 2025 06:30:14 +0000 https://gmk.center/?post_type=opinion&p=117422 The European steel market is preparing for significant changes in 2026. We see that the role of CBAM as a technical barrier is growing, which could reduce imports in the first quarter by 20-30% y/y. The new tariff quota system, which is expected to come into force in July 2026, provides for a 43% reduction […]

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]]> <![CDATA[Deindustrialization in Ukraine and the EU]]> https://gmk.center/en/posts/deindustrialization-in-ukraine-and-the-eu/ Thu, 27 Nov 2025 07:02:09 +0000 https://gmk.center/?post_type=posts&p=116676 The industrial decline has affected both the European Union and Ukraine, but for different reasons. For the EU, it is the result of global competition, high energy costs, and regulatory pressure. For Ukraine, it is the consequence of decades of systemic problems and a devastating war. However, common challenges create the basis for a strategic […]

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]]> <![CDATA[High electricity prices force EU steelmakers to cut production]]> https://gmk.center/en/posts/high-electricity-prices-force-eu-steelmakers-to-cut-production/ Wed, 15 Oct 2025 06:03:27 +0000 https://gmk.center/?post_type=posts&p=114397 The European steel industry is experiencing a systemic crisis caused by high electricity costs. This has led to massive shutdowns of production facilities, the abandonment of billion-dollar decarbonization projects, and the loss of tens of thousands of jobs. The key reason is the inability of European governments to ensure competitive electricity prices for the metallurgical […]

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]]> <![CDATA[How the economy will develop in the world and in Ukraine’s largest partners in 2025]]> https://gmk.center/en/posts/how-the-economy-will-develop-in-the-world-and-in-ukraines-largest-partners-in-2025/ Mon, 30 Dec 2024 06:00:51 +0000 https://gmk.center/?post_type=posts&p=103670 Under the conditions of war, the Ukrainian economy is even more dependent on the state of both the global economy as a whole and its largest partners Ukraine in particular. Next year promises to be little better than 2024, and for Ukraine it is even more difficult because of the high level of escalation of […]

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]]> <![CDATA[European countries granted €14.6 bln for decarbonization of the steel sector]]> https://gmk.center/en/infographic/european-countries-granted-e14-6-bln-for-decarbonization-of-the-steel-sector/ Tue, 10 Dec 2024 07:00:03 +0000 https://gmk.center/?post_type=infographic&p=103207 Over the last six months, the amount of state grants for steel industry decarbonization projects in Europe has increased by €4 billion, reaching a total of €14.6 billion. A total of 15 subsidy decisions have been announced in European countries, with an average amount of assistance per project of around €1 billion. As steelmakers’ plans […]

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]]> <![CDATA[How European steel industry can survive the perfect storm]]> https://gmk.center/en/posts/how-european-steel-industry-can-survive-the-perfect-storm/ Mon, 09 Dec 2024 06:30:39 +0000 https://gmk.center/?post_type=posts&p=103205 Sad news about the disastrous state of European steel industry appears in the media almost every day. European steelmakers reduce output and idle capacity (US Steel Kosice, Liberty Ostrava, Acciaierie d’Italia, ArcelorMittal Asturias, Arvedi AST), cut off workers (Thyssenkrupp Steel, Swiss Steel, Stahl Gerlafingen). Some companies delay wage payments (Liberty Dudelange, Liberty Dunaújváros). Also, some […]

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]]> <![CDATA[How different countries around the world reacted to CBAM introduction in the EU]]> https://gmk.center/en/infographic/how-different-countries-around-the-world-reacted-to-cbam-introduction-in-the-eu/ Wed, 04 Dec 2024 06:00:27 +0000 https://gmk.center/?post_type=infographic&p=103049 The transition phase of CBAM has been in effect since October 2023. Many countries have already responded to the introduction of this instrument, which changes the rules of international trade. In general, three types of official reactions can be distinguished: opposition to the CBAM and attempts to prove its discriminatory nature, announcements of plans to […]

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]]> <![CDATA[European electricity prices and their impact on the Ukrainian economy]]> https://gmk.center/en/opinion/european-electricity-prices-and-their-impact-on-the-ukrainian-economy/ Tue, 30 Jul 2024 11:18:45 +0000 https://gmk.center/?post_type=opinion&p=99239 A year ago, one of the key topics of discussions on EU integration was Ukraine’s climate commitments. This seemed the most important for understanding the prospects of domestic industry and steel sector. Now we have a shortage of electricity and, in fact, a simultaneous transition to European prices. And this issue has become the cornerstone, […]

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]]> <![CDATA[European countries granted €10.5 bln for decarbonization of the steel sector in 2023-2024]]> https://gmk.center/en/infographic/european-countries-granted-e10-5-bln-for-decarbonization-of-the-steel-sector-in-2023-2024/ Mon, 08 Apr 2024 06:00:26 +0000 https://gmk.center/?post_type=infographic&p=95558 European countries are supporting steel producers on their path to carbon neutrality by participating in the financing of decarbonization projects. European state authorities in January 2023 – March 2024 announced €10.5 billion in grants to steelmakers. Of this amount, support of €3.2 billion is currently under discussion. Update over the last 6 months, according to […]

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]]> <![CDATA[Free allowances vs compensation of indirect carbon costs: what is the best choice for power sector in EU ETS?]]> https://gmk.center/en/posts/free-allowances-vs-compensation-of-indirect-carbon-costs-what-is-the-best-choice-for-power-sector-in-eu-ets/ Tue, 19 Sep 2023 06:00:24 +0000 https://gmk.center/?post_type=posts&p=88099 The main achievement of EU ETS is market approach to carbon pricing. EU ETS is the oldest emissions trading scheme in the world, which is obligatory for main carbon emitting sectors. EU ETS was initially based on “economic efficiency” idea which suppose that all companies should pay equal price for CO2 emissions, so market, not […]

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]]> <![CDATA[US Steel Kosice reduced steel shipments by 20% y/y in the first quarter]]> https://gmk.center/en/news/us-steel-kosice-reduced-steel-shipments-by-20-y-y-in-the-first-quarter/ Wed, 03 May 2023 06:08:44 +0000 https://gmk.center/?post_type=news&p=83014 In January-March 2023, the Slovak steel company US Steel Kosice (USSK) reduced the shipment of steel by 20% compared to the same period in 2022 – to 883 thousand net tons. Kallanish reports about it. Compared to the fourth quarter of 2022, shipments of steel products increased by 23% in the first quarter of 2022. […]

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]]> <![CDATA[Belgium increased steel production by 9.2% m/m in March]]> https://gmk.center/en/news/belgium-increased-steel-production-by-9-2-m-m-in-march/ Fri, 28 Apr 2023 08:48:08 +0000 https://gmk.center/?post_type=news&p=82828 In March 2023, Belgian steel enterprises increased steel production by 9.2% compared to the previous month – up to 584,000 tons. On an annual basis, steel production in the country decreased by 10.7% in March. This is evidenced by WorldSteel Association’s data. In January-March 2023, steel production in Belgium amounted to 1.71 million tons, which […]

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]]> <![CDATA[Tata Steel Europe notes improvement in rolling stock deliveries in Q1]]> https://gmk.center/en/news/tata-steel-europe-notes-improvement-in-rolling-stock-deliveries-in-q1-2023/ Wed, 12 Apr 2023 12:39:25 +0000 https://gmk.center/?post_type=news&p=82147 Tata Steel Europe, the European division of the Indian steel producer Tata Steel, in the first quarter of 2023, increased the shipment of rolled steel to customers by 7% compared to the previous quarter – up to 2.13 million tons. Eurometal reports about it. Compared to the same period in 2022, product deliveries decreased by […]

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]]> <![CDATA[Belgium reduced steel production by 9.3% m/m in February]]> https://gmk.center/en/news/belgium-reduced-steel-production-by-9-3-m-m-in-february/ Mon, 03 Apr 2023 05:49:35 +0000 https://gmk.center/?post_type=news&p=81611 In February 2023, Belgian steel enterprises reduced steel production by 9.3% compared to the previous month – to 535,000 tons. On an annual basis, steel production in the country decreased by 0.7% in February. This is evidenced by WorldSteel Association’s data. In January-February 2023, steel production in Belgium amounted to 1.12 million tons, which is […]

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]]> <![CDATA[The authorities will continue the dialogue on increasing the share of iron and steel products on the EU market]]> https://gmk.center/en/news/the-authorities-will-continue-the-dialogue-on-increasing-the-share-of-iron-and-steel-products-on-the-eu-market/ Mon, 13 Feb 2023 08:09:53 +0000 https://gmk.center/?post_type=news&p=78942 The Ukrainian authorities are working with the European Union on the issue of replacing Russian products on the EU market with Ukrainian products. However, the success of the introduced sanctions against steel products from the Russian Federation can be considered only partial so far. In 2023, the authorities will continue the dialogue on expanding the […]

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]]> <![CDATA[German steelmakers are worried about a possible future scrap shortage]]> https://gmk.center/en/news/german-steelmakers-are-worried-about-a-possible-future-scrap-shortage/ Wed, 08 Feb 2023 15:46:05 +0000 https://gmk.center/?post_type=news&p=78724 German steel industry federation WV Stahl has expressed concern about a possible future shortage of scrap metal in the country. A shortage of scrap can hamper the steel industry’s ambitions for decarbonisation. Kallanish reports about it. In 2020, large industrial enterprises in Germany announced the transition to the latest technologies to reduce carbon emissions. To […]

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]]> <![CDATA[The production of pipes in the European Union in 2022 will grow by 1.9% y/y – EUROFER]]> https://gmk.center/en/news/the-production-of-pipes-in-the-european-union-in-2022-will-grow-by-1-9-y-y-eurofer/ Tue, 07 Feb 2023 08:23:01 +0000 https://gmk.center/?post_type=news&p=78650 The Association of European Steel Producers (EUROFER) expects a drop in pipe production in the European Union by 1.9% in 2022 compared to 2021. This is stated in the report on the website of the association. In the third quarter of 2022, the production of steel pipes by European steelmakers decreased by 0.5% y/y, after […]

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]]> <![CDATA[US Steel Kosice reduced steel shipments by 13% y/y in 2022]]> https://gmk.center/en/news/us-steel-kosice-reduced-steel-shipments-by-13-y-y-in-2022/ Mon, 06 Feb 2023 12:32:20 +0000 https://gmk.center/?post_type=news&p=78608 In 2022, the Slovak steel company US Steel Kosice (USSK) reduced the shipment of steel by customers by 13% compared to 2021 – to 3.76 million tons, reports Kallanish. In the fourth quarter of 2022, the company reduced product shipments by 30% compared to the same period in 2021 – to 715 thousand tons. The […]

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]]> <![CDATA[Belgium increased steel production by 28.3% m/m in December 2022]]> https://gmk.center/en/news/belgium-increased-steel-production-by-28-3-m-m-in-december-2022/ Wed, 01 Feb 2023 15:50:28 +0000 https://gmk.center/?post_type=news&p=78406 In December 2022, Belgian steel enterprises increased steel production by 28.3% compared to the previous month – up to 667,000 tons. On an annual basis, steel production in the country increased by 13.8% in December. This is evidenced by WorldSteel Association’s data. In 2022, steel production in Belgium amounted to 6.94 million tons, which is […]

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]]> <![CDATA[Russia reduced iron ore exports to Europe by 4 times y/y in 2022]]> https://gmk.center/en/news/russia-reduced-iron-ore-exports-to-europe-by-4-times-y-y-in-2022/ Tue, 31 Jan 2023 13:12:10 +0000 https://gmk.center/?post_type=news&p=78299 In 2022, the export of Russian iron ore to European countries decreased by 4 times compared to 2021 – to 2.9 million tons. This is evidenced by the data of Metals & Mining Intelligence. The shipment of iron ore concentrate fell by 8.5 times compared to 2021 – to 0.2 million tons, and pellets – […]

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]]> <![CDATA[The European Union plans to impose a new package of sanctions on Belarus]]> https://gmk.center/en/news/the-european-union-plans-to-impose-a-new-package-of-sanctions-on-belarus/ Fri, 27 Jan 2023 09:28:38 +0000 https://gmk.center/?post_type=news&p=78133 The European Union has proposed imposing a new package of sanctions on Belarus for its role in supporting Russia’s invasion of Ukraine. Bloomberg reports about it with the reference to relevant documents. The proposed restrictions would match most of the sanctions the European Union has previously imposed on Russia, including a ban on key technology […]

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]]> <![CDATA[Ukraine increased exports to the European Union by 4.2% y/y in 2022 – Ministry of Economy]]> https://gmk.center/en/news/ukraine-increased-exports-to-the-european-union-by-4-2-y-y-in-2022-ministry-of-economy/ Fri, 13 Jan 2023 10:28:00 +0000 https://gmk.center/?post_type=news&p=77376 According to preliminary estimates of the Ministry of Economy, in accordance with the trade balance methodology, the export of goods to EU countries in 2022 increased by 4.2% compared to 2021 – up to $28 billion. This is stated in the press release of the department. “This is extremely important in view of the diversification […]

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]]> <![CDATA[Estonia has imposed a ban on the import of Russian steel and iron]]> https://gmk.center/en/news/estonia-has-imposed-a-ban-on-the-import-of-russian-steel-and-iron/ Tue, 10 Jan 2023 13:43:12 +0000 https://gmk.center/?post_type=news&p=77167 From January 9, 2023, Estonia introduced restrictions on the import of goods from Russia, including steel and pig iron products. This is reported by Interfax with the reference to the Estonian Tax and Customs Board. “On January 9, the transitional period of sanctions imposed by the European Union on a number of consumer goods originating […]

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]]> <![CDATA[The economy of the Eurozone will suffer the most from the global recession – OECD]]> https://gmk.center/en/news/the-economy-of-the-eurozone-will-suffer-the-most-from-the-global-recession-oecd/ Wed, 23 Nov 2022 13:10:00 +0000 https://gmk.center/?post_type=news&p=74999 The Organization for Economic Co-operation and Development (OECD) expects the Eurozone economy to be the hardest hit by the global recession. Reuters reports about it with the reference to OECD data. “The global slowdown has affected economies unevenly, with Europe bearing the brunt as Russia’s war in Ukraine has hit business activity and caused energy […]

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]]> <![CDATA[The EU initiates an anti-dumping investigation about bars from Turkiye and China]]> https://gmk.center/en/news/the-eu-initiates-an-anti-dumping-investigation-about-bars-from-turkiye-and-china/ Thu, 17 Nov 2022 07:24:43 +0000 https://gmk.center/?post_type=news&p=74644 The European Commission (EC) has announced the start of an anti-dumping investigation into the import of bars from Turkiye and China. SteelOrbis reports about it. The investigation was initiated by the Spanish rolling company Laminados Losal, which claims that imports of bars from Turkiye and China are dumping and has provided relevant evidence. The investigation […]

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]]> <![CDATA[Italy’s scrap collectors fear financial losses due to the export ban]]> https://gmk.center/en/news/italys-scrap-collectors-fear-financial-losses-due-to-the-export-ban/ Tue, 08 Nov 2022 14:38:30 +0000 https://gmk.center/?post_type=news&p=74172 The Italian trade association Assofermet is afraid of financial losses due to the ban on the scrap metal export to countries that are not part of the European Union. This is reported by Eurometal with the reference to the data of the association. “The ban on the export of secondary raw materials to third countries […]

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]]> <![CDATA[The European Commission has extended anti-dumping duties on the CRC import from the Russian Federation and China]]> https://gmk.center/en/news/the-european-commission-has-extended-anti-dumping-duties-on-the-crc-import-from-the-russian-federation-and-china/ Fri, 04 Nov 2022 11:01:12 +0000 https://gmk.center/?post_type=news&p=73986 The European Commission (EC) has confirmed the extension of anti-dumping duties on imports of cold-rolled coils (CRC) from China and Russia for another 5 years. Eurometal reports about it. The decision was made after reviewing the current customs duties after their expiration date. A re-investigation was launched in August 2021 following an official request from […]

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]]> <![CDATA[The European Union reduced steel exports by 17% y/y in January-August 2022]]> https://gmk.center/en/news/the-european-union-reduced-steel-exports-by-17-y-y-in-january-august-2022/ Thu, 27 Oct 2022 11:07:24 +0000 https://gmk.center/?post_type=news&p=73583 In January-August 2022, the export of steel products from the European Union to third countries decreased by 17% compared to the same period last year. The report «Economic and steel market outlook 2022-2023, fourth quarter» on the website of the European Association of Steel Producers EUROFER reports about it. During the reporting period, the export […]

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]]> <![CDATA[French Aperam applies energy surcharges to its contracts]]> https://gmk.center/en/news/french-aperam-applies-energy-surcharges-to-its-contracts/ Tue, 11 Oct 2022 14:24:49 +0000 https://gmk.center/?post_type=news&p=72719 French stainless steel producer Aperam is increasing the energy surcharges on its contracts from October 2022 to €639/t compared to €480/t in September. Kallanish reports about it with the reference to the company’s data. According to Aperam, the new surcharge takes into account the cost of electricity, gas and carbon emission quotas. In September 2022, […]

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]]> <![CDATA[What does the eighth package of sanctions mean for the steel industry of the EU and the Russian Federation]]> https://gmk.center/en/posts/what-does-the-eighth-package-of-sanctions-mean-for-the-steel-industry-of-the-eu-and-the-russian-federation/ Fri, 07 Oct 2022 16:42:32 +0000 https://gmk.center/?post_type=posts&p=72596 As part of the fourth package of sanctions, the European Union banned the import of Russian steel products included in the system of import quotas (rolled steel and pipes) from April 1, 2022. The eighth package of sanctions expands previously introduced restrictions: firstly, the EU extended the ban not only to the import of Russian […]

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]]> <![CDATA[European governments save steel industry from high electricity prices]]> https://gmk.center/en/posts/european-governments-save-industry-from-high-electricity-prices/ Thu, 06 Oct 2022 08:06:52 +0000 https://gmk.center/?post_type=posts&p=72434 Electricity prices vary in different European countries. Thus, according to Ember, in Europe, the average monthly day-ahead prices in September 2022 were: In the UK, according to Nordpool, the average monthly spot price for a day ahead in September was €310.7 per MWh. Compared to September 2021, prices increased by 2.5-3.0 times, but slightly decreased […]

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]]> <![CDATA[Exports to the EU exceeded pre-war indicators in January-September 2022 – Ministry of Economy]]> https://gmk.center/en/news/exports-to-the-eu-exceeded-pre-war-figures-in-january-september-2022-ministry-of-economy/ Fri, 30 Sep 2022 07:56:30 +0000 https://gmk.center/?post_type=news&p=72148 In August 2022, Ukrainian exports to the countries of the European Union almost reached the pre-war level, and in January-September 2022, it even exceeded the pre-war indicators. This was announced by the Deputy Minister of Economy Taras Kachka, reports Ministry of Economy. “Today, trade between Ukraine and the European Union has actually resumed. In August, […]

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]]> <![CDATA[Electricity prices in Italy increased by 2.3 times from the beginning of 2022]]> https://gmk.center/en/news/electricity-prices-in-italy-increased-by-2-3-times-from-the-beginning-of-2022/ Thu, 22 Sep 2022 14:29:31 +0000 https://gmk.center/?post_type=news&p=71697 In August 2022, the average spot prices for electricity in Italy increased by 2.3 times compared to the average price in January 2022 – up to €537 per MWh. This is evidenced by the Trading Economics’ data. Electricity prices in Italy began to rise from the beginning of 2022, but the main jump was after […]

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]]> <![CDATA[European governments have spent about €500 billion to combat the energy crisis]]> https://gmk.center/en/news/european-governments-have-spent-about-e500-billion-to-combat-the-energy-crisis/ Thu, 22 Sep 2022 08:31:42 +0000 https://gmk.center/?post_type=news&p=71642 From September 2021 to September 2022, European governments have allocated almost €500 billion to protect citizens and companies from the rapid rise in gas and electricity prices. Reuters informs about it with the reference to research by the Bruegel think-tank. European countries introduced measures to curb retail electricity prices, reduced taxes on energy resources and […]

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]]> <![CDATA[ArcelorMittal has reduced HRC prices in Europe by €40/t]]> https://gmk.center/en/news/arcelormittal-has-reduced-hrc-prices-in-europe-by-e40-t/ Mon, 19 Sep 2022 11:34:53 +0000 https://gmk.center/?post_type=news&p=71458 ArcelorMittal Corporation, the leading steel producer in Europe, has reduced the prices of hot-rolled coil (HRC) for delivery in November 2022 by €40/t – to €810/t. ArgusMedia reports about it. At the beginning of September 2022, the company increased the prices of its products, but later due to the lack of demand, prices had to […]

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]]> <![CDATA[Steel distributors in the EU are calling on producers to cut capacity]]> https://gmk.center/en/news/steel-distributors-in-the-eu-are-calling-on-producers-to-cut-capacity/ Fri, 16 Sep 2022 13:16:30 +0000 https://gmk.center/?post_type=news&p=71399 Steel distributors and service centers in Europe are urging producers to continue cutting production capacity until the market returns to balance between supply and demand. Kallanish reports about it. According to the head of ArcelorMittal CLN Distribuzione Italia Cesare Viganò, European steelmakers began cutting output later than expected. “We knew the challenges existing from May […]

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]]> <![CDATA[The EU to set a price ceiling for electricity at €180 MWh]]> https://gmk.center/en/news/the-eu-to-set-a-price-ceiling-for-electricity-at-e180-mwh/ Fri, 16 Sep 2022 10:53:01 +0000 https://gmk.center/?post_type=news&p=71386 The European Commission plans to introduce a single electricity price limit for the entire market at the level of €180 MWh as part of the EU’s initial package of emergency measures to curb electricity prices. EuroNews reports about it. According to the current rules of marginal pricing, the final price of electricity is actually determined by […]

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]]> <![CDATA[European demand for imported steel increased against the backdrop of high domestic prices]]> https://gmk.center/en/news/european-demand-for-imported-steel-increased-against-the-backdrop-of-high-domestic-prices/ Thu, 08 Sep 2022 12:28:25 +0000 https://gmk.center/?post_type=news&p=70908 European demand for imported steel has increased significantly since the end of August 2022. The reason is the high prices of energy resources, due to which the cost of local products increases. ArgusMedia reports about it. As of September 7, prices for Italian rebar and wire rod increased by €50/t – up to €950/t ex-works […]

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]]> <![CDATA[Gas prices in Europe increased against the backdrop of Russia’s refusal to launch the gas pipeline]]> https://gmk.center/en/news/gas-prices-in-europe-jumped-against-the-backdrop-of-russias-refusal-to-launch-the-gas-pipeline/ Tue, 06 Sep 2022 15:11:06 +0000 https://gmk.center/?post_type=news&p=70783 Natural gas prices in Europe on Monday, September 5, 2022, increased by 36.7% compared to the price a day earlier – up to €283/MWh. Compared to last week, the price of gas increased by 3.8%. The data from Trading Economics reports about it. European prices for blue fuel rose on Monday more than by 30% […]

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]]> <![CDATA[Russian steel producers continue to export to the EU in sanctions’ violation]]> https://gmk.center/en/news/russian-steel-producers-continue-to-export-to-the-eu-in-sanctions-violation/ Tue, 06 Sep 2022 08:25:30 +0000 https://gmk.center/?post_type=news&p=70724 Russian steelmakers continue to export steel to the European Union market circumventing sanctions. Using certain schemes, Russia supplies more than half of its steel exports to the EU – 4.7 million tons. This is reported by a German magazine Wirtschaftswoche. “Despite the fact that the European Union introduced sanctions against the import of Russian steel, […]

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]]> <![CDATA[The EU should refuse the scrap export to third countries – EUROFER]]> https://gmk.center/en/news/the-eu-should-refuse-the-scrap-export-to-third-countries-eurofer/ Mon, 05 Sep 2022 14:20:12 +0000 https://gmk.center/?post_type=news&p=70688 The European Union should refuse the export of scrap metal to third countries, which have lower scrap metal processing standards than in the EU. Axel Eggert, CEO of the European Steel Producers Association (EUROFER) informs about it, reports Euractive. According to him, the revision of the Waste Shipment Regulation (WSR) is the last chance to […]

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]]> <![CDATA[European Novelis plants to refuse Russian aluminum]]> https://gmk.center/en/news/european-novelis-plants-will-refuse-russian-aluminum/ Fri, 02 Sep 2022 12:44:11 +0000 https://gmk.center/?post_type=news&p=70624 Novelis, a unit of India’s Hindalco Industries Ltd and one of the world’s biggest buyers of aluminum, said it would stop using the steel from Russia in potential new deals to supply its European factories in 2023. Bloomberg reports about it. Russia is a key producer of aluminum, nickel and copper. None of these metals […]

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]]> <![CDATA[International partners have provided $17.5 billion in aid to Ukraine since the beginning of the war]]> https://gmk.center/en/news/international-partners-have-provided-17-5-billion-in-aid-to-ukraine-since-the-beginning-of-the-war/ Wed, 31 Aug 2022 08:40:53 +0000 https://gmk.center/?post_type=news&p=70457 Since the beginning of Russia’s full-scale invasion, international partners have provided Ukraine with $17.5 billion in macro-financial assistance. Prime Minister Denys Shmyhal announced it, informs Government Portal. “We are grateful to everyone for the help, which allows us to ensure the economic stability of our state. At the same time, such stability of the economy is […]

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