(c) t.me/metinvest

Also, with favorable market conditions, the company may supply wire rod and rebar to the US

Metinvest Group considers the possibility of supplying steel products to the US market after the US decision to cancel 25% duties for Ukrainian metal products, Interfax-Ukraine with reference to the press service of the company reported.

“After the removal of duties under section 232 US becomes a promising market for us. The Metinvest Group will be able to increase exports to the United States instead of deliveries to the markets of Latin America and Asia,” the company noted.

Thus, Metinvest plans to enter the US market with square billets and welded pipe, as well as, depending on the situation, with wire rod and fittings.

“The company welcomes the US decision to remove some duties. This can help Ukrainian producers increase sales to the States. However, there are still restrictions on trade for almost all types of Ukrainian-made rolled products. For us, the decision from the United States to cancel all duties would be an essential for the supporting of Ukrainian industry,” the statement said.

Earlier GMK Center reported that on May 9, the United States announced a one-year suspension of Section 232 duties on steel imports from Ukraine. Prior to this, the UK canceled all duties and quotas on Ukrainian-made products ahead of schedule. The European Commission has also made a similar proposal.