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energy crisis - Latest Articles GMK Center

Photo – European governments have spent about €500 billion to combat the energy crisis
European governments have spent about €500 billion to combat the energy crisis

Analysts believe that state intervention has become structural

Photo – The Hungarian steel mill Dunaferr was forced to stop production
The Hungarian steel mill Dunaferr was forced to stop production

The reason was the refusal of the Austrian Donau Brennstoffkontor GmbH to supply coke

Photo – ArcelorMittal agrees with unions on employment schemes at plants in Spain
ArcelorMittal agrees with unions on employment schemes at plants in Spain

The company is counting on an agreement that will allow the company to idle any of its plants in Spain for any period until the end of 2023

Photo – The Italian rolling mill Arvedi shut down three electric arc furnaces
The Italian rolling mill Arvedi shut down three electric arc furnaces

High electricity prices and low demand for steel forced the company to shut down two furnaces in Cremona and one in Terni

Photo – Steel distributors in the EU are calling on producers to cut capacity
Steel distributors in the EU are calling on producers to cut capacity

Steel production must be cut until the market returns to a balance between supply and demand

Photo – The EU to set a price ceiling for electricity at €180 MWh
The EU to set a price ceiling for electricity at €180 MWh

The cap will apply directly to the price of electricity produced by non-gas plants

Photo – The Spanish government promised to support the steel industry in the event of energy crisis
The Spanish government promised to support the steel industry in the event of energy crisis

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

Photo – Türkiye to refuse investments in new steel projects
Türkiye to refuse investments in new steel projects

Due to the increase in electricity tariffs, Turkish steelmakers are trying to maintain their existing production capacity

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