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Photo – Ukrainian steel sector has withstood war, but now it needs Europe’s fairness

11 June 2026

Opinions Industry CBAM
Ukrainian steel sector has withstood war, but now it needs Europe’s fairness

CBAM and steel import quotas were designed to protect European producers, but now they risk hurting a future EU member’s industrial backbone

News

11:01  June 13, 2026
The World Bank has downgraded its global growth forecast due to the war in the Middle East
1
15:50  June 12, 2026
South Africa is stepping up measures to support the steel industry
14:32
Thyssenkrupp has completed the sale of its remaining shares in AST to the Arvedi Group
13:18
The Slovenian SIJ Group is launching a comprehensive business transformation programme
12:56
The State Statistics Service has revised the rate of GDP decline in Q1 downwards to 0.6% y/y
12:53
Fitch raises its iron ore price forecast for 2026 to $100 per tonne
11:26
Kametstal is finalising preparations for the major overhaul of blast furnace No. 1M
10:14
China’s Jingye is seeking compensation from the UK over the takeover of British Steel
1
17:11  June 11, 2026
The ECB has raised interest rates for the first time since 2023
16:08
ArcelorMittal plans to integrate EAFs into electrical steel production chain in Europe
15:04
Steel shipments to the US fell by 6.6% m/m in April
13:42
India rejects US allegations of excess steel production capacity
13:39
Baosteel has kept domestic prices for flat steel products unchanged for July sales
12:02
Italy’s Confindustria has called for pragmatic reform of the ETS
11:58
Azerbaijan Metal Company has completed the feasibility study for the construction of an HBI production plant
10:50
South Korea is asking the EU for fair terms under the new steel measures
8:02
European gas prices stood at €48–49/MWh at the start of June
1
15:31  June 10, 2026
The UK may consider easing new protective measures on steel – media reports
15:02
Salzgitter has secured its first major contract to supply green hydrogen
13:27
The Suez Canal is increasing transit fees for ships from mid-July
All News
Photo – Ukrainian steel sector has withstood war, but now it needs Europe’s fairness

11 June 2026

Opinions Industry CBAM
Ukrainian steel sector has withstood war, but now it needs Europe’s fairness

CBAM and steel import quotas were designed to protect European producers, but now they risk hurting a future EU member’s industrial backbone

News

11:01  June 13, 2026
The World Bank has downgraded its global growth forecast due to the war in the Middle East
1
15:50  June 12, 2026
South Africa is stepping up measures to support the steel industry
14:32
Thyssenkrupp has completed the sale of its remaining shares in AST to the Arvedi Group
13:18
The Slovenian SIJ Group is launching a comprehensive business transformation programme
12:56
The State Statistics Service has revised the rate of GDP decline in Q1 downwards to 0.6% y/y
12:53
Fitch raises its iron ore price forecast for 2026 to $100 per tonne
11:26
Kametstal is finalising preparations for the major overhaul of blast furnace No. 1M
10:14
China’s Jingye is seeking compensation from the UK over the takeover of British Steel
1
17:11  June 11, 2026
The ECB has raised interest rates for the first time since 2023
16:08
ArcelorMittal plans to integrate EAFs into electrical steel production chain in Europe
15:04
Steel shipments to the US fell by 6.6% m/m in April
13:42
India rejects US allegations of excess steel production capacity
13:39
Baosteel has kept domestic prices for flat steel products unchanged for July sales
12:02
Italy’s Confindustria has called for pragmatic reform of the ETS
11:58
Azerbaijan Metal Company has completed the feasibility study for the construction of an HBI production plant
10:50
South Korea is asking the EU for fair terms under the new steel measures
8:02
European gas prices stood at €48–49/MWh at the start of June
1
15:31  June 10, 2026
The UK may consider easing new protective measures on steel – media reports
15:02
Salzgitter has secured its first major contract to supply green hydrogen
13:27
The Suez Canal is increasing transit fees for ships from mid-July
All News

Insights

Photo – Yulia Proskurova: The combined impact of the new quotas and the CBAM could destroy Ukraine’s steel industry

Interviews CBAM

08 June 2026

Yulia Proskurova: The combined impact of the new quotas and the CBAM could destroy Ukraine’s steel industry

ArcelorMittal Kryvyi Rih has not yet been able to offset the loss of European export orders due to protectionism

Photo – European electricity prices rose in May amid unstable renewable energy generation

Infographics electricity prices

04 June 2026

European electricity prices rose in May amid unstable renewable energy generation

The spot price in Ukraine last month was €101.4/MWh

Photo – The Danish steel market: why is it stagnating?

Posts Global Market steel consumption

10 June 2026

The Danish steel market: why is it stagnating?

Consumption of finished steel is set to rise to 1.43–1.45 million tonnes in 2026

Photo – Ukrainian and European steel industries: different challenges and shared pressures

Infographics iron and steel industry of Ukraine

03 June 2026

Ukrainian and European steel industries: different challenges and shared pressures

Energy, trade, and investment pressures are creating new opportunities for cooperation

Photo – The EU has reduced its imports of raw materials by 11% since 2020

Infographics EU

01 June 2026

The EU has reduced its imports of raw materials by 11% since 2020

Ore production within the EU is concentrated in Sweden, while consumption remains volatile

Photo – Defending the home front: how Ukraine is countering the decline of its domestic steel market

Posts Industry import

02 June 2026

Defending the home front: how Ukraine is countering the decline of its domestic steel market

In the first five months of 2026 alone, 43,000 tons of Chinese wire rod were imported into the country

Photo – The government has drafted a new economic strategy amid a 0.5% y/y decline in the economy during Q1

Posts State macroeconomics

25 May 2026

The government has drafted a new economic strategy amid a 0.5% y/y decline in the economy during Q1

Amid rising inflation, Ukraine faces the threat of a recession and, under certain circumstances, stagflation

Photo – EU trade restrictions could bring steel exports from Ukraine to a complete halt

Posts Industry steel exports

22 May 2026

EU trade restrictions could bring steel exports from Ukraine to a complete halt

Protectionism has always been one of the key challenges facing the Ukrainian steel industry over the past 20 years

Photo – The Norwegian steel market: the secrets of its stability

Posts Global Market steel consumption

27 May 2026

The Norwegian steel market: the secrets of its stability

Sales of finished steel are expected to rise to 1.72 million tons in 2026

Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy

Posts Industry CBAM

15 May 2026

Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy

The main challenges lie in working with the European Commission, while the European Parliament supports Ukraine's position

Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economyPhoto – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy
About GMK Center
Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economyPhoto – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy
Supervisory board
Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economyPhoto – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy
Consulting
Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economyPhoto – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy
Analysis
Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economyPhoto – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy
Sustainability
Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economyPhoto – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy
Conferences

Ukrainian steel market, 2023

Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy
Export ths. tons
Iron ore 17753
Longs 474
Pig iron 1249
Seamless pipes 281
Steel semis 1203
Welded pipes 75
Flats 1202
Ferroalloys 344
Import ths. tons
Coke 329
CRC 90
Pre-painted steel 13
Rebar 62
HDGC 16
Wire rod 5
Tin plate 0
Shaped products 13
Apparent consumption ths. tons
Rebar 651
HDGC 109
Wire rod 420
CRC 300
Shaped products 59
Seamless pipes 204
Pre-painted steel 244
Welded pipes 237

Ukrainian export map, 2023

North America
1kt
Canada1 kt
South America
0kt
EU
222kt
Poland196 kt
Germany13 kt
Greece4 kt
Other9 kt
Other Europe
68kt
Turkey56 kt
United Kingdom7 kt
Norway3 kt
Bosnia Herzegovina2 kt
CIS
0kt
Asia
0kt
Africa
0kt
Middle East
0kt
North America
0kt
EU
15546kt
Slovakia4897 kt
Czechia3793 kt
Poland3305 kt
Austria1717 kt
Other1835 kt
Other Europe
754kt
Serbia751 kt
Turkiye3 kt
Asia
1440kt
China1440 kt
Middle East
0kt
Africa
0kt
CIS
14kt
Moldova14 kt
North America
20kt
USA20 kt
South America
0kt
EU
347kt
Poland166 kt
Romania76 kt
Lithuania37 kt
Other68 kt
CIS
43kt
Moldova43 kt
Other Europe
1kt
Serbia1 kt
Africa
16kt
Burkina Faso9 kt
Togo7 kt
Middle East
0kt
EU
150kt
Poland56 kt
Bulgaria 31 kt
Portugal16 kt
Italy15 kt
Other32 kt
Other Europe
14kt
Serbia9 kt
United Kingdom6 kt
CIS
2kt
Moldova2 kt
Africa
2kt
Burkina Faso2 kt
Middle East
0kt
South America
0kt
North America
0kt
EU
716kt
Poland337 kt
Bulgaria190 kt
Italy86 kt
Other103 kt
Other Europe
0kt
CIS
316kt
Azerbaijan20 kt
Georgia57 kt
Moldova239 kt
Asia
0kt
Africa
73kt
Egypt72 kt
Nigeria1 kt
Middle East
86kt
Israel86 kt
South America
0kt
North America
0kt
EU
1081kt
Bulgaria513 kt
Poland286 kt
Italy128 kt
Other 154 kt
Other Europe
77kt
Turkiye73 kt
UK4 kt
CIS
0kt
Asia
0kt
Africa
4kt
Egypt4 kt
Middle East
0kt
South America
0kt
North America
94kt
USA94 kt
South America
0kt
EU
144kt
Poland64 kt
Romania32 kt
Italy23 kt
Other26 kt
Other Europe
24kt
Turkiye20 kt
Serbia2 kt
Switzerland1
United Kingdom1
CIS
15kt
Moldova10 kt
Azerbaijan5 kt
Middle East
1kt
Israel1 kt
Africa
5kt
Egypt5 kt
Asia
0kt
North America
1055kt
USA1055 kt
South America
0kt
EU
208kt
Poland91 kt
Itlay38 kt
Spain37 kt
Germany11 kt
Other30 kt
Other Europe
119kt
Turkiye109 kt
United Kingdom9 kt
Iceland1 kt
CIS
0kt
Asia
0kt
Middle East
0kt

Ukrainian steel industry, last 24 months

1009080706050403020100
Jan
202291 kt
Feb
202279 kt
Mar
20226 kt
Apr
202219 kt
May
202239 kt
Jun
202264 kt
Jul
202255 kt
Aug
202255 kt
Sep
202252 kt
Oct
202260 kt
Nov
202256 kt
Dec
202254 kt
Jan
202330 kt
Feb
202339 kt
Mar
202357 kt
Apr
202342 kt
May
202350 kt
Jun
202335 kt
Jul
202344 kt
Aug
202342 kt
Sep
202337 kt
Oct
202340 kt
Nov
202337 kt
Dec
202342 kt
7006005004003002001000
Mar
2022370 kt
Apr
2022225 kt
May
2022429 kt
Jun
2022384 kt
Jul
2022277 kt
Aug
2022335 kt
Sep
2022310 kt
Oct
2022349 kt
Nov
2022335 kt
Dec
2022247 kt
Jan
2023384 kt
Feb
2023353 kt
Mar
2023466 kt
Apr
2023544 kt
May
2023603 kt
Jun
2023486 kt
Jul
2023538 kt
Aug
2023534 kt
Sep
2023486 kt
Oct
2023512 kt
Nov
2023541 kt
Dec
2023556 kt
Jan
2024384 kt
Feb
2024666 kt
7006005004003002001000
Mar
2022410 kt
Apr
2022250 kt
May
2022354 kt
Jun
2022295 kt
Jul
2022281 kt
Aug
2022366 kt
Sep
2022340 kt
Oct
2022318 kt
Nov
2022313 kt
Dec
2022106 kt
Jan
2023284 kt
Feb
2023424 kt
Mar
2023527 kt
Apr
2023574 kt
May
2023583 kt
Jun
2023437 kt
Jul
2023601 kt
Aug
2023602 kt
Sep
2023558 kt
Oct
2023572 kt
Nov
2023545 kt
Dec
2023521 kt
Jan
2024544 kt
Feb
2024532 kt
6005004003002001000
Mar
2022260 kt
Apr
2022158 kt
May
2022512 kt
Jun
2022229 kt
Jul
2022211 kt
Aug
2022248 kt
Sep
2022254 kt
Oct
2022289 kt
Nov
2022222 kt
Dec
2022108 kt
Jan
2023257 kt
Feb
2023334 kt
Mar
2023434 kt
Apr
2023487 kt
May
2023470 kt
Jun
2023393 kt
Jul
2023525 kt
Aug
2023506 kt
Sep
2023523 kt
Oct
2023436 kt
Nov
2023499 kt
Dec
2023508 kt
Jan
2024453 kt
Feb
2024447 kt
10009008007006005004003002001000
Feb
2021753 kt
Mar
2021852 kt
Apr
2021764 kt
May
2021805 kt
Jun
2021903 kt
Jul
2021826 kt
Aug
2021811 kt
Sep
2021701 kt
Oct
2021742 kt
Nov
2021727 kt
Dec
2021810 kt
Jan
2022807 kt
Feb
2022602 kt
Mar
202285 kt
Apr
2022145 kt
May
2022200 kt
Jun
2022267 kt
Jul
2022224 kt
Aug
2022258 kt
Sep
2022213 kt
Oct
2022275 kt
Nov
2022235 kt
Dec
2022198 kt
Jan
2023245 kt
2000150010005000
Jan
20211824 kt
Feb
20211598 kt
Mar
20211721 kt
Apr
20211532 kt
May
20211742 kt
Jun
20211648 kt
Jul
20211897 kt
Aug
20211573 kt
Sep
20211305 kt
Oct
20211351 kt
Nov
20211747 kt
Dec
20211781 kt
Jan
20221492 kt
Feb
20221556 kt
Mar
20221337 kt
Apr
20221249 kt
May
2022825 kt
Jun
2022522 kt
Jul
2022657 kt
Aug
2022609 kt
Sep
2022360 kt
Oct
2022375 kt
Nov
2022181 kt
Dec
2023313 kt
5000450040003500300025002000150010005000
Jan
20213670 kt
Feb
20213287 kt
Mar
20213615 kt
Apr
20213907 kt
May
20213906 kt
Jun
20213742 kt
Jul
20213801 kt
Aug
20213771 kt
Sep
20213618 kt
Oct
20214213 kt
Nov
20213800 kt
Dec
20213954 kt
Jan
20224050 kt
Feb
20223560 kt
Mar
20221323 kt
Apr
20221313 kt
May
20221667 kt
Jun
2022923 kt
Jul
2022432 kt
Sep
20227 kt
Oct
2022164 kt
Nov
2022654 kt
Dec
2022693 kt