steel exports - Latest news GMK Center

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

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

In Q1, Ukrainian Railways' share of containerized ferrous metal shipments stood at 15%

In April, exports of rolled steel products fell by 9.2% y/y, while ore imports rose by 0.7% y/y

This mechanism could paralyze an industry that is critical to the country's defense

This year, exports will be hampered by European trade measures and the war with Iran

Ukrainian steelmakers, who are working under wartime conditions, note that they need a temporary exemption from the mechanism

In January–March, these volumes totaled 24.71 million tons

Such purchases enable the country's steelmakers to reduce the cost of rolled steel