Ukraine - Latest news GMK Center

Steel mills plan to replace blast furnaces and oxygen converters with DRI and electric arc furnaces

Increasing demand for DRI is encouraging the market to start new capacity

Ukraine has the potential to supply 20-25 million tons of raw materials for DRI production to the commercial market, providing 14% of the global market demand

The decision affects seven countries in total

Ukraine reduced electricity imports during the period, the price of the DAM amounted to €126/MWh

The Federation considers such increases to be destructive for the country's economy

The government's decision was made taking into account the increase in capacity limits for electricity imports from European countries to 2.1 GW

The company plans to invest in low-carbon production in Ukraine and Europe

Clean Steel project to focus on reducing emissions in Ukraine's steel industry

Since the beginning of the year, this figure has reached UAH 6.59 billion

In general, tariffs on these products from six countries have been extended

The total project budget is €11.6 million, funded by an EU grant and an EIB loan