European Union - Latest news GMK Center

In early September 2022, the company raised product prices, but the determination quickly weakened due to low demand

Steel production must be cut until the market returns to a balance between supply and demand

The cap will apply directly to the price of electricity produced by non-gas plants

Due to the increase in energy costs, local producers are forced to raise the prices of their products

The rise in prices was short-term, as high gas reserves in the EU allow for a quick response to panic in the market

Russian NLMK supplies products to the EU market through the Belgian subsidiary NLMK Belgium Holdings SA and SOGEPA

The Waste Shipment Regulation (WSR) is the last chance to fix the scrap outflow and meet climate goals

One of the largest consumers of aluminum will switch to alternative suppliers from 2023

In the coming months, the next tranche of macro-financial assistance from the European Union in the amount of €8 billion is expected

Shipments of flat steel products from the EU decreased by 11% y/y in 6 months, and of graded rolled stee by 21% y/y

The overall dynamics of steel demand has a high level of uncertainty

This level of prices is about 14 times higher than the seasonal average over the past five years