Negotiations on trade in metal products between Ukraine and EU are going to be a challenge

Olga Stefanishyna, the Vice Prime Minister for European and Euro-Atlantic Integration, is expecting challenging negotiations on trade in metal products in the framework of updating arrangements with the EU and the European Green Course, according to Interfax-Ukraine.

“Trade in metal products is associated with a complex set of issues. Some of them go beyond the existing agreements. Ukrainian metal products are subject to certain duties in the EU. The European market seeks maximum safeguards. The negotiations are not going to be easy, but they will be conducted for sure,” reassures Ms Stefanishyna.

According to her, all Ukrainian companies should look to the new EU policy in the framework of the European Green Deal. The parties are now drafting supplements to the existing arrangements to give way to various ecological modernization possibilities.

“Our transformation road map needs to take into account both financial and timing aspects. On the other hand, businesses should be proactive too. Many companies have already commenced their self-assessments,” explains the Vice Prime Minister.

Ukraine has got a privileged status as it signed the Association Agreement with the EU. Therefore, it can count on support, in particular in the process of implementation of the European Green Deal to the extent its economic potential allows. It is worth reminding that successful participation in the European Green Deal requires Ukraine to identify the sources of funding.

The European Green Deal provides for a 40% cut in greenhouse gas emissions in the European Union by 2030 and zero greenhouse gas emissions by 2050.

According to estimations of GMK Center, the launch of the Carbon Border Adjustment may cost Ukrainian exporters €566 million annually. For Ukrainian steelmaking companies, the figure will reach €379.9 million.

The CBA mechanism provides for the imposition of an environmental duty for imports of products into the EU, depending on the volume of CO2 emissions in the process of their production. The mechanism is expected to be launched no later than 2023.

  • Industry

Spanish Unesid insists on strengthening protection of European steel industry

Spanish steelmakers are calling on the EU to strengthen protection for the sector and help…

Tuesday June 3, 2025
  • Global Market

Turkey updates the system of state support for investments in the steel sector

On May 31, 2025, a new presidential decree on state support for investment came into…

Tuesday June 3, 2025
  • Global Market

Canadian steel producers call for immediate response to Trump’s tariffs

On May 31, 2025, Catherine Cobden, President and CEO of the Canadian Steel Producers Association…

Tuesday June 3, 2025
  • Companies

Erdemir announces large-scale investments in green transformation by 2050

Turkish steel company Erdemir has unveiled an updated sustainability strategy, according to which it plans…

Tuesday June 3, 2025
  • Global Market

India prioritizes local steel for government projects

The Indian government has revised its local steel policy for 2025 to ensure that locally…

Monday June 2, 2025
  • Companies

Zaporizhstal increased its rolled steel output by 4.9% y/y in January-May

Zaporizhstal Iron and Steel Works increased rolled steel production by 4.9% year-on-year – to 1.098…

Monday June 2, 2025