European Union - Latest news GMK Center

Due to weak demand, iron and steel companies are forced to cut production

After completion of the anti-dumping investigation, the European Commission decided to introduce duties for 5 years

According to the results of 5 months, Brazilian products took 15% of the total EU steel imports

Nine European plants fully or partially suspended steel production

Four European countries plans to place 13.5 GW of coal power plants in supply reserves

Restrictive measures end on January 31, 2023

Steel import activity in Europe remains stable despite weak domestic demand in recent months

EU considers replacing Russian gas with other energy sources

The new package includes 25-year loans with a 10-year grace period to pay the loan principal

The biggest consumers of Indian metal products in the EU were Italy and Belgium

Market conditions changed rapidly after the war began