EU - Latest news GMK Center

The company relies on limited import opportunities and a low supply of products on the domestic market

The indicator increased growth rates for the first time since April 2023

The main share of imports falls on semi-finished products – 89.7% of the total volume of deliveries

Compared to October 2022, the indicator decreased by 0.4%

The main volume of products was shipped from Russia and Libya – 999.51 thousand tons and 385.36 thousand tons, respectively

In particular, the decision is condemned by the steel company Metinvest and the European steel association EUROFER

Imports from the European Union increased by 44% during the 1.5 years of the agreement

The association believes that this decision weakens sanctions and contradicts the EU's climate goals

Restricting imports of pig iron from Russia is the most important decision in the new sanctions package

Customs duties are suspended until March 31, 2025

In January-October, deliveries of Ukrainian semi-finished products to EU countries fell by 11.6% y/y

Among the new restrictions included in the 12th sanctions package is also a ban on the import of direct reduction iron