production capacities - Latest news GMK Center

The company notes that the European CBAM will not have a significant impact on them

New projects will require more substantial cuts elsewhere

The future of the industry will be shaped by growing demand and value-added products

This move is part of the company's ongoing $2.5 billion investment in the country

The country also aims to more than double its exports of steel products

The project is expected to create 2,500 jobs

The investment is in line with the strategy to increase the share of high-value-added products

The company announced this decision at the beginning of the year

The enterprise will operate with EAF, using scrap metal as raw material

The key factor was the final introduction of CBAM without exceptions for Ukraine

The company intends to increase its global steel production capacity to 100 million tons

The shutdown will last from mid-December until the end of the year, and from 2026 the plant in France will temporarily operate at 50% capacity