EU - Latest news GMK Center

Major market players have called for the integrity of the ETS to be preserved

Ukraine’s annual steel export losses may reach 1.3-1.6 mln tonnes

The parties’ protective measures will complicate trade between the two closely integrated markets

It is expected that steel intended for the European market will now also be exported to other regions

Overall, the EU has reached agreements with 13 countries on smaller cuts

Previously, South Africa enjoyed significant advantages thanks to its trade agreement with the EU

The total annual quota for Ukraine is 1.050 million tonnes

The fund’s aim is to encourage investment in R&D in the steel sector and to support the green transition in the EU’s coal-mining regions

An increase in imports not covered by these schemes could negate the actual benefits of the measures

The bloc is keen to preserve this raw material for European producers

Luca Zanotti emphasises that the Ukrainian steel industry has no excess capacity

At the same time, the sector’s exports of steel products to third countries fell by 33% y/y in January–February