import quotas - Latest news GMK Center

The new regulations will come into force on 1 July this year

ArcelorMittal Kryvyi Rih has not yet been able to offset the loss of European export orders due to protectionism

The current trade preferences for steel between the UK and Ukraine will remain in force

The country is also extending preferential tariffs on certain US products

The British side considers the safeguard measures on steel products to be a separate issue

The European Union's introduction of quotas for Ukraine would be a major step backward

The Chinese Ministry of Commerce has criticized the new European safeguard measures

The country's steelmakers may turn to alternative markets

Protectionism has always been one of the key challenges facing the Ukrainian steel industry over the past 20 years

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

Quota usage varies by country and alloy

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