protectionism - Latest news GMK Center

In December 2022, the WTO recognized the US tariffs on steel and aluminum as unjustified

The European Commission may add individual quotas for some suppliers from Southeast Asia

The new reality has learned Ukrainian mining & metals industry to be flexible and make quick market decisions

Increasing supplies from Ukraine will reduce prices and compensate for metal that Europe lacks

Liberalization of international trade will give mutual benefits to both sides

Ukraine lost more than 1 mln tons of annual steel export because of trade restrictions in EU and USA

Trade barriers against steel products cost 2% of Ukrainian GDP

Export opportunities are more important than macro-financial assistance or loans

World steel industry is a leader in protectionism among industries

Financial losses from existing tariffs and quotas are equivalent to the loss of a large steel plant

Market cyclicality affects the number of measures introduced, but not their easing

The Ukrainian market remains quite open, and the mechanism of its protection is very weak