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Market review 11-28.02.2025
Katowice, Poland – 28 February 2025
** A Clean Industrial Deal for EU Competitiveness and Decarbonisation **
The European Commission has unveiled the Clean Industrial Deal, aimed at enhancing competitiveness while accelerating decarbonisation. With high energy costs and global competition, the EU seeks to position green industrial policies as economic growth drivers. The initiative supports energy-intensive industries and clean tech sectors, lowers energy costs, boosts demand for clean products, and mobilises over €100 billion in financing. Measures include a new State Aid Framework, an Industrial Decarbonisation Bank, and an EU Critical Raw Material Centre. The plan also promotes skilled workforce development and fair global trade.
Read more
** Strategic Dialogue on Steel and Upcoming Action Plan **
The European Commission will hold a Strategic Dialogue on Steel on March 4, with key industry stakeholders. The initiative aims to strengthen European steel manufacturing amid rising costs, raw material shortages, and global competition. A Steel and Metals Action Plan will be launched in spring to ensure competitiveness and sustainability in the transition to clean industry.
Read more
** Liberty Galati’s Financial Struggles Continue **
Romania’s Liberty Galati steel mill remains in crisis, unable to restart operations due to financial issues. Delayed salaries, rising debts, and legal disputes add to concerns about potential bankruptcy. The viability of restarting operations remains uncertain given Europe’s economic climate.
Read more
** EU’s Draft Clean Industrial Deal Includes Tax Breaks and State Aid **
A leaked draft of the EU’s Clean Industrial Deal reveals plans to boost manufacturing competitiveness amid high energy costs and cheaper imports. Key measures include reduced electricity taxes, fast-tracked permits for clean industry projects, simplified state aid rules, and updated procurement policies favoring EU-made products. The deal also revises the EU’s carbon border levy to reduce administrative burdens.
Read more
** Polish Presidential Candidate Calls for Lower Interest Rates **
Szymon Holownia, Poland’s centre-right presidential candidate, has urged the central bank to lower interest rates to stimulate investment and job creation. His call follows a similar plea by frontrunner Rafal Trzaskowski. The central bank, however, maintains rates at 5.75%, citing inflation concerns.
Read more
** Huta Częstochowa Added to Strategic Companies List **
Poland’s government has designated Huta Częstochowa, a bankrupt steelmaker, as a strategic company due to its importance for national security. The decision prevents foreign acquisitions without government approval. The plant, crucial for defense industry supplies, is set for auction in February, attracting several bidders.
Read more
** ArcelorMittal Hunedoara Suspends Operations **
ArcelorMittal Hunedoara has temporarily halted operations from February 14 to March 31 due to soaring electricity costs. Employees will receive 75% of their base salary during the shutdown. The company seeks urgent cost reductions to adapt to economic pressures.
Read more
** EU Responds to Trump’s Proposed Tariffs **
The European Commission has criticized U.S. President Donald Trump’s proposed trade tariffs, calling them unjustified. The EU argues it maintains some of the lowest tariffs worldwide and warns of swift retaliatory measures if tariffs on steel and aluminum imports proceed.
Read more
** Urgent Improvements Needed for EU’s Carbon Border Mechanism **
EUROFER warns that proposed Carbon Border Adjustment Mechanism (CBAM) changes fail to address key issues like resource shuffling and export protection. It urges a more effective framework to safeguard European steel decarbonisation investments.
Read more
** ArcelorMittal May Shift Business Support Activities to India **
ArcelorMittal is considering relocating some European business support activities to India, driven by high costs and rising imports. The move is part of a broader effort to streamline operations, though steel manufacturing will remain in Europe.
Read more
***
Primeore Trading (Polska) Sp. z o.o. is a trading arm of Primeore Ltd. which is responsible for handling of all international trading and trading-related operations of the group. The company is involved into operations with manganese ore, ferroalloys, coke and coal products worldwide.
Media contacts
For further information please contact office.poland@primeore.eu
** A Clean Industrial Deal for EU Competitiveness and Decarbonisation **
The European Commission has unveiled the Clean Industrial Deal, aimed at enhancing competitiveness while accelerating decarbonisation. With high energy costs and global competition, the EU seeks to position green industrial policies as economic growth drivers. The initiative supports energy-intensive industries and clean tech sectors, lowers energy costs, boosts demand for clean products, and mobilises over €100 billion in financing. Measures include a new State Aid Framework, an Industrial Decarbonisation Bank, and an EU Critical Raw Material Centre. The plan also promotes skilled workforce development and fair global trade.
Read more
** Strategic Dialogue on Steel and Upcoming Action Plan **
The European Commission will hold a Strategic Dialogue on Steel on March 4, with key industry stakeholders. The initiative aims to strengthen European steel manufacturing amid rising costs, raw material shortages, and global competition. A Steel and Metals Action Plan will be launched in spring to ensure competitiveness and sustainability in the transition to clean industry.
Read more
** Liberty Galati’s Financial Struggles Continue **
Romania’s Liberty Galati steel mill remains in crisis, unable to restart operations due to financial issues. Delayed salaries, rising debts, and legal disputes add to concerns about potential bankruptcy. The viability of restarting operations remains uncertain given Europe’s economic climate.
Read more
** EU’s Draft Clean Industrial Deal Includes Tax Breaks and State Aid **
A leaked draft of the EU’s Clean Industrial Deal reveals plans to boost manufacturing competitiveness amid high energy costs and cheaper imports. Key measures include reduced electricity taxes, fast-tracked permits for clean industry projects, simplified state aid rules, and updated procurement policies favoring EU-made products. The deal also revises the EU’s carbon border levy to reduce administrative burdens.
Read more
** Polish Presidential Candidate Calls for Lower Interest Rates **
Szymon Holownia, Poland’s centre-right presidential candidate, has urged the central bank to lower interest rates to stimulate investment and job creation. His call follows a similar plea by frontrunner Rafal Trzaskowski. The central bank, however, maintains rates at 5.75%, citing inflation concerns.
Read more
** Huta Częstochowa Added to Strategic Companies List **
Poland’s government has designated Huta Częstochowa, a bankrupt steelmaker, as a strategic company due to its importance for national security. The decision prevents foreign acquisitions without government approval. The plant, crucial for defense industry supplies, is set for auction in February, attracting several bidders.
Read more
** ArcelorMittal Hunedoara Suspends Operations **
ArcelorMittal Hunedoara has temporarily halted operations from February 14 to March 31 due to soaring electricity costs. Employees will receive 75% of their base salary during the shutdown. The company seeks urgent cost reductions to adapt to economic pressures.
Read more
** EU Responds to Trump’s Proposed Tariffs **
The European Commission has criticized U.S. President Donald Trump’s proposed trade tariffs, calling them unjustified. The EU argues it maintains some of the lowest tariffs worldwide and warns of swift retaliatory measures if tariffs on steel and aluminum imports proceed.
Read more
** Urgent Improvements Needed for EU’s Carbon Border Mechanism **
EUROFER warns that proposed Carbon Border Adjustment Mechanism (CBAM) changes fail to address key issues like resource shuffling and export protection. It urges a more effective framework to safeguard European steel decarbonisation investments.
Read more
** ArcelorMittal May Shift Business Support Activities to India **
ArcelorMittal is considering relocating some European business support activities to India, driven by high costs and rising imports. The move is part of a broader effort to streamline operations, though steel manufacturing will remain in Europe.
Read more
***
Primeore Trading (Polska) Sp. z o.o. is a trading arm of Primeore Ltd. which is responsible for handling of all international trading and trading-related operations of the group. The company is involved into operations with manganese ore, ferroalloys, coke and coal products worldwide.
Media contacts
For further information please contact office.poland@primeore.eu
