steel industry

In recent months, the country's government has allocated more than €850 million to support local gas and electricity-intensive industries

Current gas and electricity prices threaten the viability of the industry in Europe, the association believes

The main reasons are low demand for steel products and high energy costs

For some steel companies, additional costs can amount to €17,000 per worker

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

In the next few years, the company plans to expand the plant's capabilities to meet the future demand for steel

The projects will expand the capacity of Tata Steel, ArcelorMittal Nippon Steel and other Indian companies

No expectations for significant improvements in July too

Panic is at the raw materials and metal markets

Iron ore prices decline is accelerating

Sanctions imposed since early 2022, taxes and a "strong" ruble make export profitability zero or negative

Scrap is still the most important material for reducing emissions in steel industry