CBAM - Latest news GMK Center

Declining production, rising imports, and uncertainty surrounding the CBAM are jeopardizing the industry’s future

In particular, this will enable Ukrainian exporters to use actual data instead of default values

Ukrainian steelmakers, who are working under wartime conditions, note that they need a temporary exemption from the mechanism

Falling prices, rising energy costs and CBAM reshape production and export dynamics

Specifically, this involves adjusting export strategies

Due to the current shortcomings in procedures and the lack of necessary clarification from the European Commission, Ukrainian producers of green steel are already losing customers and contracts

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