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Photo – EU trade restrictions could bring steel exports from Ukraine to a complete halt
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 United Kingdom is negotiating with the EU regarding an exemption from steel import quotas
The United Kingdom is negotiating with the EU regarding an exemption from steel import quotas

The Minister of Trade also believes that the UK should be included in the «Made in Europe» scheme

Photo – The European Commission has approved Germany’s €1.3 billion hydrogen initiative
The European Commission has approved Germany’s €1.3 billion hydrogen initiative

The program will support the construction of up to 1 GW of electrolysers and the production of renewable hydrogen

Photo – European steelmakers have backed the adoption of new EU protective measures on steel
European steelmakers have backed the adoption of new EU protective measures on steel

At the same time, the industry association is calling for further action to support the sector

Photo – Italy saw a 6.2% m/m decline in steel production in April
Italy saw a 6.2% m/m decline in steel production in April

Production of long products fell by 7.7% m/m, while production of flat products fell by 9.2% m/m

Photo – The European Parliament has approved new measures to protect the EU steel market
The European Parliament has approved new measures to protect the EU steel market

The new regulations stipulate that the situation in Ukraine will be taken into account when allocating quotas

Photo – The EU’s plan to reduce steel import quotas will significantly harm Ukraine – FT
The EU’s plan to reduce steel import quotas will significantly harm Ukraine – FT

New EU protective measures could cost the country up to €1 billion in export revenue

Photo – European gas prices in the first half of May ranged from €44 to €49 per MWh
European gas prices in the first half of May ranged from €44 to €49 per MWh

The market is under pressure from the conflict in the Middle East and the need to replenish inventories

Photo – Huta Częstochowa is being transferred to the joint ownership of AMW and Węglokoks
Huta Częstochowa is being transferred to the joint ownership of AMW and Węglokoks

The signing of the relevant agreement is expected on May 18

Photo – The EU reduced DRI imports by 68% y/y in January–February
The EU reduced DRI imports by 68% y/y in January–February

Among the main suppliers are Libya and the United States

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