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Ukraine - Latest news GMK Center

Photo – The EU’s plan to reduce steel import quotas will significantly harm Ukraine – FT
The EU’s plan to reduce steel import quotas will significantly harm Ukraine – FT

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

Photo – Electricity prices in Europe fell significantly in April
Electricity prices in Europe fell significantly in April

The price of day-ahead electricity in Ukraine last month was €113/MWh

Photo – Ukraine is working to mitigate the impact of the CBAM on its exports
Ukraine is working to mitigate the impact of the CBAM on its exports

This issue will be raised at the political level for further resolution

Photo – Demand for steel structures for construction purposes is expected to rise by 10–12% in 2025
Demand for steel structures for construction purposes is expected to rise by 10–12% in 2025

At the same time, demand for related hot-dip galvanizing services increased by more than 12% last year

Photo – Ukraine and Sweden have agreed to simplify the accreditation process for CBAM verifiers
Ukraine and Sweden have agreed to simplify the accreditation process for CBAM verifiers

In particular, this will enable Ukrainian exporters to use actual data instead of default values

Photo – The European CBAM immediately hit Ukrainian steel exports
The European CBAM immediately hit Ukrainian steel exports

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

Photo – Consumption of steel products in Ukraine rose by 3.4% y/y in Q1
Consumption of steel products in Ukraine rose by 3.4% y/y in Q1

Imports accounted for 41.6% of the domestic market

Photo – Inflation in Ukraine accelerated to 1.7% in March
Inflation in Ukraine accelerated to 1.7% in March

On an annualized basis, the figure stood at 7.9%

Photo – Turkish steelmakers have an advantage in export markets thanks to semi-finished products from Russia
Turkish steelmakers have an advantage in export markets thanks to semi-finished products from Russia

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

Photo – Parliament approved a law on «industrial visa-free trade» with the EU for Ukrainian goods
Parliament approved a law on «industrial visa-free trade» with the EU for Ukrainian goods

The document harmonizes the national accreditation and technical regulation system with the bloc's requirements

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