protectionism News — GMK Center https://gmk.center/en/tag/protectionism/ This is an informational-analytical, discussion platform Mon, 30 Jan 2023 10:57:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png protectionism News — GMK Center https://gmk.center/en/tag/protectionism/ 32 32 <![CDATA[US appeals WTO decision against steel tariffs]]> https://gmk.center/en/news/us-appeals-wto-decision-against-steel-tariffs/ Mon, 30 Jan 2023 12:24:12 +0000 https://gmk.center/?post_type=news&p=78231 The United States is appealing four World Trade Organization (WTO) rulings against tariffs imposed by the United States on steel and aluminum imports from China, Norway, Switzerland and Turkiye. South China Morning Post informs about it. Washington also filed a separate appeal against a ruling that the United States was violating international trade rules by labeling […]

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]]> <![CDATA[EU may increase safeguard measures on Asian steel imports]]> https://gmk.center/en/news/a-review-of-eu-safeguard-measures-could-tighten-restrictions-on-asian-steel/ Wed, 07 Dec 2022 13:27:51 +0000 https://gmk.center/?post_type=news&p=75682 The European Commission (EC) is unlikely to lift safeguard measures on steel imports from Southeast Asia a year earlier than scheduled. Eurometal reports about it with the reference to Fastmarkets. Restrictions against some countries from this region, on the contrary, may be strengthened. While reviewing EC will consider the possibility a year earlier to stop […]

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]]> <![CDATA[Deglobalization and regionalization: global trend of the world economy]]> https://gmk.center/en/posts/deglobalization-and-regionalization-global-trend-of-the-world-economy/ Wed, 15 Jun 2022 15:32:41 +0000 https://gmk.center/?post_type=posts&p=66117 Globalization has been a key trend in international trade for many years, determining the development of industries, countries and regions. But the world has changed: trade wars, Covid-19 lockdowns, wartime production and supply chains disruptions, structural changes in markets and prices caused by sanctions. How did we ended in regionalization instead of globalization? Problem identification […]

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]]> <![CDATA[The lifting of EU trade barriers brings Ukraine closer to victory and revival]]> https://gmk.center/en/opinion/the-lifting-of-eu-trade-barriers-brings-ukraine-closer-to-victory-and-revival/ Sun, 08 May 2022 17:07:12 +0000 https://gmk.center/?post_type=opinion&p=64014 The European Union is one step away from fully opening its market to Ukrainian exporters, including metallurgists. The decision has already been made by the United Kingdom, and clear signals about the possible removal of barriers to the import of metal from Ukraine are also coming from the United States. I will explain why the […]

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]]> <![CDATA[Trade restrictions abolition is the first step to Ukraine’s post-war recovery]]> https://gmk.center/en/posts/the-abolition-of-trade-restrictions-against-ukraine-is-the-first-step-to-its-post-war-recovery/ Sat, 07 May 2022 06:09:06 +0000 https://gmk.center/?post_type=posts&p=63992 Today, Ukraine is making significant military and diplomatic efforts to counter Russia’s armed aggression. Earlier, Ukraine faced wars on the economic front: a policy of protectionism by the largest consumers of Ukrainian products led to the closure of markets. Markets were closed in Western countries too. They promote the ideas of the liberal economy and […]

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]]> <![CDATA[The EU and the US are the most active participants in protectionism]]> https://gmk.center/en/infographic/protectionism-caused-losses-for-ukrainian-steel-industry-2/ Thu, 05 May 2022 12:46:54 +0000 https://gmk.center/?post_type=infographic&p=63874 The USA traditionally ranks first in the world by the number of measures imposed to protect the local steel market from imports. One in four measures in place is a measure introduced by the USA. The European Union is among the top active economies in terms of import restrictions, ranking third after the USA and […]

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]]> <![CDATA[Protectionism caused losses for Ukrainian steel industry]]> https://gmk.center/en/infographic/protectionism-caused-losses-for-ukrainian-steel-industry/ Tue, 03 May 2022 12:59:13 +0000 https://gmk.center/?post_type=infographic&p=63743 Steelmaking is affected by protectionist measures much more than any other industry, since it has a high social significance and is well developed around the world. Every time the market sentiments deteriorate, we observe an increased pressure on foreign markets and resistance to exports. Interestingly, developed countries are especially proactive in these matters. The regionalization […]

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]]> <![CDATA[Ukraine needs trade barriers removed to support its economy]]> https://gmk.center/en/posts/ukraine-needs-trade-barriers-removed-to-support-its-economy/ Fri, 29 Apr 2022 18:46:35 +0000 https://gmk.center/?post_type=posts&p=63577 Ukraine’s economy will fall by 30-50% this year, and the public budget needs subsidies of up to $5 billion a month. The production and export potential of our country has been harshly affected by the war. At the same time, Ukraine suffers significant losses due to the developed countries reluctance to trade. The barriers are […]

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]]> <![CDATA[Security measures of Western markets after all showed their vulnerability]]> https://gmk.center/en/posts/security-measures-of-western-markets-after-all-showed-their-vulnerability/ Thu, 28 Apr 2022 18:45:26 +0000 https://gmk.center/?post_type=posts&p=63497 Russia’s military aggression against Ukraine has significantly affected the world economy, but has not changed the measures developed countries introduce to protect their markets. In practice, the real reason of the excessive protection of markets usually related to their vulnerability. The process of global trade globalization was simultaneous with global economic growth. But it had […]

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]]> <![CDATA[Ukraine lost 3.5 million tons of metal exports due to trade barriers]]> https://gmk.center/en/news/ukraine-has-lost-3-5-million-tons-of-metal-exports-due-to-trade-barriers/ Thu, 28 Apr 2022 04:12:52 +0000 https://gmk.center/?post_type=news&p=63440 The trade barriers introduced against Ukraine cost up to 3.3-3.5 million tons in steel products, or about $3 billion in export revenues, GMK Center’s “Trade Restrictions on the Steel Markets” report reads. The losses of the Ukrainian economy from trade barriers introduced in foreign markets are estimated at 1.8-2.0% of GDP. “The trade barriers introduced against […]

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]]> <![CDATA[The war in Ukraine intensified protectionism effects in the world]]> https://gmk.center/en/news/the-war-in-ukraine-has-intensified-the-effects-of-protectionism-in-the-world/ Wed, 27 Apr 2022 12:44:30 +0000 https://gmk.center/?post_type=news&p=63418 In 9M 2021, with favorable market situation, 13 new trade barriers were introduced, while the previous tariffs and duties were not abolished. Even good market conditions do not lead to the abolition of trade restrictions, GMK Center’s “Trade Restrictions on the Steel Markets” report reads. Analysts say that market cyclicality affects the number of measures introduced, but […]

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]]> <![CDATA[No rules: protectionism is turning trade into an all-out war]]> https://gmk.center/en/posts/no-rules-protectionism-is-turning-trade-into-an-all-out-war/ Fri, 26 Mar 2021 11:01:22 +0000 https://gmk.center/?post_type=posts&p=40859 According to the estimations of the World Trade Organization, the coronavirus pandemic shrank the global trade by 32% in 2020. This downward trend corresponds to the worst-case scenario. In April 2020, at the very height of the coronavirus pandemic, the WTO projected a 13% to 32% decline in the global trade by the end of the […]

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]]> <![CDATA[The number of import restrictions grew by 8% in 2020 globally]]> https://gmk.center/en/news/the-number-of-import-restrictions-grew-by-8-in-2020-globally/ Mon, 01 Mar 2021 07:01:35 +0000 https://gmk.center/?post_type=news&p=39318 In 2020, various economies all over the world adopted about 800 restrictions on imports into their territories. In total, the number of such restrictions surged by 7.6% to 10,952. That was stated by Stanislav Zinchenko, GMK Center Director, during public discussion of the draft National Economic Strategy 2030, dedicated to “Development of industry, transport and infrastructure”. “Protectionism […]

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]]> <![CDATA[GMK Center predicts a stronger impact of protectionism on the steel industry]]> https://gmk.center/en/news/gmk-center-predicts-a-stronger-impact-of-protectionism-on-the-steel-industry/ Mon, 06 Jul 2020 06:01:06 +0000 https://gmk.center/?post_type=news&p=27513 According to the forecast of GMK Center analysts, domestic steelmakers will suffer from an increasing impact of protective measures imposed in the foreign markets where Ukraine sells most of its steel products. This opinion was presented by GMK Center Chief Analyst, Andrii Tarasenko, during a webinar of the Ukrainian Lime Industry Association (ULIA) on 18 […]

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]]> <![CDATA[The EEC resumed anti-dumping duty on Ukraine-made railway wheels]]> https://gmk.center/en/news/the-eec-resumed-anti-dumping-duty-on-ukraine-made-railway-wheels/ Fri, 19 Jun 2020 06:01:06 +0000 https://gmk.center/?post_type=news&p=26783 The Eurasian Economic Commission (EEC) decided to re-impose a 34.22% anti-dumping duty on Ukraine-made railway wheels, according to Interfax-Ukraine. In the opinion of the EEC, demand in the railway wheels market has stabilized after a peak in 2019. “Prices in the Eurasian Economic Union (EAEU) may decline with the threat of surplus capacities of EAEU […]

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]]> <![CDATA[Ukraine to seek simplified trade relations with the European Union]]> https://gmk.center/en/news/ukraine-to-seek-simplified-trade-relations-with-the-european-union/ Mon, 01 Jun 2020 10:01:33 +0000 https://gmk.center/?post_type=news&p=25772 The Cabinet of Ministers will seek to mitigate restrictions imposed by the European Union on imports of goods of Ukrainian producers. This statement has been made in recent days by government leaders. Industrial visa-free regime At a video conference of government heads, the Prime Minister of Ukraine, Denys Shmyhal, in particular asked the Federal Chancellor of Germany, Angela […]

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]]> <![CDATA[The TOP 6 risks for Ukraine’s steel industry in 2020]]> https://gmk.center/en/opinion/the-top-6-risks-for-ukraine-s-steel-industry-in-2020/ Mon, 20 Jan 2020 07:02:17 +0000 https://gmk.center/?post_type=opinion&p=19314 The answer to this question depends, to a large extent, on the quantity of products we will be able to sell in foreign markets, because 80% of Ukraine-made metal products are exported and the domestic market is too small and consumes just 4–5 million tons of steel. This makes Ukrainian steelmaking companies extremely vulnerable, as foreign markets are […]

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]]> <![CDATA[On the verge. What is going on in Ukraine’s steel industry?]]> https://gmk.center/en/opinion/on-the-verge-what-is-going-on-in-ukraine-s-steel-industry/ Thu, 16 Jan 2020 07:03:04 +0000 https://gmk.center/?post_type=opinion&p=19263 In November 2019, the Ukrainian steel industry produced the lowest volume of steel throughout the history of the country’s independence. This anti-record will be updated already in December. In its recent statement, Ukrmetallurgprom projected that in 2020, steel production in Ukraine will decline from 21.1 million tons to 20.5 million tons, or by some 3%. This is a […]

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]]> <![CDATA[Ugur Dalbeler: “There will be further production cuts in steel sector”]]> https://gmk.center/en/interview/ugur-dalbeler-there-will-be-further-production-cuts-in-steel-sector/ Sat, 28 Dec 2019 08:01:24 +0000 https://gmk.center/?post_type=interview&p=18789 Ugur Dalbeler is one of the top managers in the Turkish steel industry. He leads Colakoglu Metalurji and is a board member of the Turkish Iron and Steel Exporters’ association and vice president for the Turkish Iron and Steel Producers’ association. The problems of Turkish and Ukrainian steelmakers overlap in many respects, even though they […]

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]]> <![CDATA[Long products, low quotations: a review of the rebar market]]> https://gmk.center/en/posts/long-products-low-quotations-a-review-of-the-rebar-market/ Mon, 23 Dec 2019 12:42:21 +0000 https://gmk.center/?post_type=posts&p=18495 The trends in production and consumption of long products, in particular rebar, has always been an important benchmark of the situation not only in steelmaking, but also in construction. Ukraine exports three quarters of these products. This means that the situation in foreign markets plays a crucial role in capacity utilization planning. This year, the […]

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]]> <![CDATA[The EEC extends the investigation into the imports of coil from Ukraine]]> https://gmk.center/en/news/the-eec-extends-the-investigation-into-the-imports-of-hot-dip-galvanized-coil-from-ukraine/ Wed, 06 Nov 2019 10:01:09 +0000 https://gmk.center/?post_type=news&p=15517 Following a preliminary investigation, the EEC proposed in early October 23.9% and 17% anti-dumping duties on HDGC from Ukraine and China respectively. The duty will be imposed for a term of 5 years. As predicted by GMK Center, this measure is a response to Ukraine’s decision dated June 2019 to impose a 47.57% anti-dumping duty on Russian HDGC […]

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]]> <![CDATA[How Ukraine’s steel industry resists global protectionism]]> https://gmk.center/en/infographic/how-ukraine-s-steel-industry-resists-global-protectionism/ Fri, 23 Aug 2019 10:12:37 +0000 https://gmk.center/?post_type=infographic&p=10832 A decline was reported in the steel market in the first and second quarters of 2019. Prices dropped by 10–15%. Notably, Ukrainian producers managed to increase exports of steel products by 7.5%. Only Egypt, China, and the United States of the top 20 countries show a better dynamic than Ukraine. While China’s exports grow because […]

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]]> <![CDATA[Export of products of the mining & metals sector amid trade barriers]]> https://gmk.center/en/opinion/export-of-products-of-the-mining-metals-sector-amid-trade-barriers/ Mon, 22 Jul 2019 08:00:58 +0000 https://gmk.center/?post_type=opinion&p=10909 The problem of global protectionism and trade barriers is important not only for the Ukrainian steel industry, which exports around 80% of its output, but also for the whole country. The steel industry generates every third dollar of export revenue, creates jobs, and ensures economic activity in the regions. A decline was reported in the […]

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