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Ukraine - Latest news GMK Center

Photo – GMK Center’s 2026 Forecast: Iron & Steel
GMK Center’s 2026 Forecast: Iron & Steel

The baseline scenario assumes neutral crude steel output dynamics

Photo – Regulator raises gas distribution tariffs for businesses for 2026
Regulator raises gas distribution tariffs for businesses for 2026

The increase will take place in stages – from January and April

Photo – GMK Center’s 2026 Forecast: Iron Ore
GMK Center’s 2026 Forecast: Iron Ore

Prices could fall by 7%, and Ukraine's exports – by 5%, excluding military risks

Photo – Ukraine imported over 1 million tons of flat rolled steel products in 11 months
Ukraine imported over 1 million tons of flat rolled steel products in 11 months

Approximately 50% of imports are flat-rolled products with coating

Photo – Iron ore exports from Ukraine may decline by 5% in 2026 – GMK Center forecast
Iron ore exports from Ukraine may decline by 5% in 2026 – GMK Center forecast

The decline in exports to China in 2026 may be partially offset by growth in shipments to the EU

Photo – ECA supported Ukrainian exports worth over UAH 10 billion in January-November
ECA supported Ukrainian exports worth over UAH 10 billion in January-November

The total amount of insured loan agreements for the period amounted to UAH 1.35 billion

Photo – The new EC proposal on CBAM does not mention an exemption for Ukraine
The new EC proposal on CBAM does not mention an exemption for Ukraine

At the same time, Ukrainian steel industry is critically dependent on exports to the EU

Photo – Ukrainian electricity prices are on par with European ones
Ukrainian electricity prices are on par with European ones

Domestic industry forced to compete on unequal terms

Photo – Electricity prices in Europe showed mixed trends in November
Electricity prices in Europe showed mixed trends in November

Last month, the price in Ukraine was €140.3/MWh, which is almost a third more than in Poland

Photo – Export duties and zero quotas on scrap will preserve strategic raw materials – Kalenkov
Export duties and zero quotas on scrap will preserve strategic raw materials – Kalenkov

Ukrainian metallurgists urgently need effective measures to stabilize the market amid military operations

Photo – Deindustrialization in Ukraine and the EU
Deindustrialization in Ukraine and the EU

Ukraine and the European Union must become technological and raw material partners to overcome declining competitiveness

Photo – Imports of steel products to Ukraine grew by 18.6% y/y over 10 months
Imports of steel products to Ukraine grew by 18.6% y/y over 10 months

Turkish and Chinese suppliers control the key share of the market, increasing their supply volumes year after year

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