Hungary - Latest news GMK Center

The coming year may be more successful for the Hungarian steel market than 2025.

This partnership is a key step in BYD's European localization strategy

The total project budget is €11.6 million, funded by an EU grant and an EIB loan

The Hungarian government accuses the company of non-payment of wages and delayed production resumption, threatening bankruptcy

Under the conditions of the war, Hungary became a major market for Ukrainian agricultural products and a transit country for exports

Thus, the company plans to increase capacity utilization

As part of the 2024 production program, Dunaferr has restarted rolling mills and a galvanizing line

The EC concluded that the merger would not cause competition in the EU market, given the limited capabilities of the company

The only working unit at the plant is the coke-chemical unit. The products are supplied to the Romanian plant Liberty Galati

The Ukrainian company commented on the results of the bidding for the Hungarian steel plant

GFG Alliance (the parent company of Liberty Steel) and Vulcan Steel are currently competing for the venture

The Hungarian plant uses stock raw materials to start the unit, but additional supplies are needed for the stable operation of the furnace