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energy crisis - Latest Articles GMK Center

Photo – European Parliament approved the EU’s energy saving goals until 2030
European Parliament approved the EU’s energy saving goals until 2030

EU member states must reduce final energy consumption by at least 11.7% by 2030

Photo – Spain’s steel industry is affected by high energy costs – Unesid
Spain’s steel industry is affected by high energy costs – Unesid

Spanish steel producers also need increased government support

Photo – The European Commission recommended to curtail energy support measures in the EU by the end of 2023
The European Commission recommended to curtail energy support measures in the EU by the end of 2023

New measures, if needed, should be aimed at protecting vulnerable households and businesses

Photo – Romania is considering energy support for the steel industry
Romania is considering energy support for the steel industry

The Ministry of Economy will promote two state aid schemes

Photo – German industry still needs energy support – Salzgitter CEO
German industry still needs energy support – Salzgitter CEO

The price of electricity still affects the competitiveness of energy-intensive industries

Photo – The EU plans to stimulate electricity contracts with a fixed price
The EU plans to stimulate electricity contracts with a fixed price

The draft market reform proposal will be presented on March 16 2023

Photo – EU countries urge not to hurry with changes in the electricity market
EU countries urge not to hurry with changes in the electricity market

Reforms should be supported by a thorough impact assessment

Photo – Piotr Sikorski: Apparent steel consumption in Poland will probably drop by 2 million tonnes in 2022
Piotr Sikorski: Apparent steel consumption in Poland will probably drop by 2 million tonnes in 2022

Head Manager of Polska Unia Dystrybutorow Stali – about the structure of steel consumption and the factors which affect steel production and demand in Poland

Photo – ArcelorMittal plans to reopen the Spanish ACB plant for a week
ArcelorMittal plans to reopen the Spanish ACB plant for a week

The work of the plant will be resumed to fulfill one order

Photo – ArcelorMittal has restarted a blast furnace at a plant in Spain
ArcelorMittal has restarted a blast furnace at a plant in Spain

The unit has been idle since the end of September 2022 due to uncertain economic prospects and unfavorable market conditions

Photo – Poland increased steel production by 8.3% m/m in December 2022
Poland increased steel production by 8.3% m/m in December 2022

In 2022, the country's steelmakers reduced steel production by 8.6% y/y

Photo – German GDP decreased by 0.2% q/q in the fourth quarter of 2022
German GDP decreased by 0.2% q/q in the fourth quarter of 2022

The unexpected reduction points to the beginning of a recession in one of Europe's largest economies

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