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The company's key export sales to the EU are now at risk

The uncertainty surrounding procedures related to the accreditation of professionals outside the EU poses significant financial risks for exporters and requires urgent decisions at the level of the Ukrainian government and the European Commission

In the first quarter alone, Ukrainian steelmakers lost more than 1.1 million tons of export orders for steel products

It is set at €75.36 per ton of CO2

The company has been operating at a loss for five consecutive years and survives solely thanks to the support of its parent group

The industry association believes that the current approach undermines the competitiveness of the country's steelmakers

The association is calling for the mechanism to be expanded, loopholes to be closed, and support for decarbonization to be accelerated

Of course, a deferral of a few years won’t fix everything

The hardest hit will be the long products and billets sectors, while risks for flat products will rise sharply after 2029

Future of two integrated steel mills in question

GDP impact could be higher, depending on changes in the post-war structure of Ukraine's economy

Ukraine is forced to reduce its exports to this market and is losing out on foreign exchange earnings