“The steel industry is of fundamental importance to Ukraine’s ability to win the war against Russia. Today I want to clarify what we have agreed upon regarding tariff quotas for Ukraine, and its special status must be upheld. We must view Ukraine as a future member and strategic partner of the EU, not as a threat,” Karlsbro stated.
“The fact that the Ukrainian steel industry, despite all the difficulties, has managed to function under these circumstances should be encouraged, not punished,” noted the Vice-Chair of the European Parliament’s Committee on International Trade.
As reported by GMK Center, following the introduction of CBAM, Ukrainian steelmakers lost over 1.1 million tons of export orders for steel products from the EU as early as the first quarter. Due to the near-total loss of the European market as a result of additional CBAM payments, ArcelorMittal Kryvyi Rih has already reduced its production capacity—a foundry and mechanical plant, as well as a blooming mill—and cut 3,400 jobs at these facilities.
The National Commission for State Regulation of Energy and Public Utilities (NKREKP) has approved an…
Volkswagen, Europe’s largest car manufacturer, is considering the biggest restructuring in its history, including doubling…
The full-scale war continues to exert unprecedented pressure on Ukraine’s industrial sector and business activity.…
South African steel exporters are preparing for potential disruptions to trade flows with the European…
The European Commission has published an implementing regulation setting out the allocation of steel import…
The American steel producer Nucor has left its spot price (CSP) for hot-rolled coils unchanged…