EUR News
LAST UPDATE: August 1, 2025
European steelmakers warn of pressure on demand and pricing
ArcelorMittal, Outokumpu, and Aperam reported better-than-expected Q2 earnings but warned of worsening conditions ahead due to weak demand, high energy costs, cheap Chinese imports, and U.S. trade tariffs.
Insight
Despite short-term gains, steelmakers face structural headwinds. Elevated input costs and global trade conflicts undermine pricing power, while softer regional demand points to margin compression.
Europe Gas Swings as Ample Flows Balance US Squeeze on Russia
Europe has seen gas prices easing thanks to plentiful LNG flows and warmer weather, offsetting reduced Russian supply caused by U.S. geopolitical pressure.
Insight
The energy market’s resilience reflects diversification efforts. Still, Europe remains structurally exposed to geopolitical volatility, and storage dependence may return as seasonal demand shifts.
EU pushes for wine exemption as US tariffs to kick in
Brussels is lobbying to exempt wine and spirits from imminent 15 % U.S. tariffs on EU goods, although no guarantees are in place and most sectors face full duties from August 1.
Insight
The wine industry’s vulnerability highlights uneven gains in the EU–U.S. tariff deal: trade talks preserve broad predictability, but cultural flagship sectors may still bear heavy costs.
Scotland Gives Go‑Ahead for World’s Largest Offshore Wind Farm
The Scottish government approved SSE’s Berwick Bank offshore wind project, which at 4.1 GW would be the largest in the world and supply power to approximately 6 million homes.
Insight
This marks a major milestone in the UK’s green ambitions and energy security. The scale of Berwick Bank could catalyze supply chain investment and influence future renewable policy design.
