Ukraine

European Parliament has supported granting Ukraine EU candidate status

The final decision on granting the status is expected at the EU summit on June 23-24

Ukrainian steelmakers produced 4.2 million tons of steel in January-May

Ukraine dropped to 18th place in the world ranking of steel producers, reducing production by more than half

Turkey reduced pig iron imports from Ukraine by 20% in January-April

In four months, Turkish steelmakers imported 89,200 tons of Ukrainian pig iron

Turkey reduced iron ore imports from Ukraine by 24% in January-April

In April, exports of Ukrainian iron ore to Turkey halted due to the war

Ukraine has submitted a request to the EFTA to abolish all tariffs

The Ukrainian side also asks to include the export of agricultural products in the agreement

Ukrainian steelmakers produced 4.2 million tons of steel in January-May

Pig iron output fell to 4.15 million tons, rolled products – to 3.79 million tons

In May, prices on steel bars, beams, corners and hot-rolled sheets fell

At the same time, the prices on profiled and round pipes in Ukraine did not change in May

Duties suspension on Ukraine’s imports to the EU came into force

Ukrainian producers can import goods into the EU duty-free for one year

Ukrainian exporters to pay more than €1 billion to the EU under the CBAM

The updated CBAM version has stricter requirements compared to the one published by the European Commission last July

The prospects of Ukraine’s post-war green rebuild

Ukraine has lost up to 50% of the economy, and will recover only in 5 years at the pre-war level

Ukraine reduced steel production by 7 times in April

The country downed to 36th place in the global ranking of steelmakers

European Union has suspended import duties for Ukraine for a year

Thanks to these measures, the European Union will be able to support Ukraine's economy significantly

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