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protective measures - Latest news GMK Center

Photo – South Korea is asking the EU for fair terms under the new steel measures
South Korea is asking the EU for fair terms under the new steel measures

The country is seeking access to the European market on terms no less favourable than those enjoyed by its competitors

Photo – The UK may consider easing new protective measures on steel – media reports
The UK may consider easing new protective measures on steel – media reports

Industry groups have warned the government of the risks to business

Photo – The EU’s new quota system could destroy Ukraine’s steel industry – Metinvest CEO
The EU’s new quota system could destroy Ukraine’s steel industry – Metinvest CEO

The economic threat to the industry is being exacerbated by the war, which has cut it off from some of its markets

Photo – The EU has approved new safeguard measures on steel imports
The EU has approved new safeguard measures on steel imports

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

Photo – Yulia Proskurova: The combined impact of the new quotas and the CBAM could destroy Ukraine’s steel industry
Yulia Proskurova: The combined impact of the new quotas and the CBAM could destroy Ukraine’s steel industry

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

Photo – The UK has announced the details of the transition period for steel safeguard measures
The UK has announced the details of the transition period for steel safeguard measures

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

Photo – Canada will extend its tariffs on steel and aluminium imports for a further year
Canada will extend its tariffs on steel and aluminium imports for a further year

The country is also extending preferential tariffs on certain US products

Photo – The EU steel quota will hit Ukrainian steelmakers affected by the war hard – Interpipe CEO
The EU steel quota will hit Ukrainian steelmakers affected by the war hard – Interpipe CEO

Luca Zanotti emphasized that the Ukrainian steel industry poses no threat to Europe

Photo – Five EU countries are calling for the bloc to strengthen its trade defenses
Five EU countries are calling for the bloc to strengthen its trade defenses

Although the document does not explicitly mention China, it implicitly refers to that country

Photo – Ukraine needs strong protection for its domestic market, – experts
Ukraine needs strong protection for its domestic market, – experts

Another key challenge is the readiness of domestic manufacturers to comply with European competition rules

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

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