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EU steel cap at 18.3 million tonnes hits Ukraine exports
BBC News·
Metinvest chief Yuriy Ryzhenkov asked the EU to drop steel import curbs that bundle Ukraine with China. The bloc capped tax-free steel at 18.3 million tonnes yearly, a 47 percent cut from 2024 levels. Ryzhenkov said Ukraine's industry estimates EU exports could fall 50 to 60 percent. Almost 800 Metinvest workers have been killed since Russia's 2022 invasion, he said.
Prism
What It Means For You
- Ukrainian steel buyers in the EU may face tighter quotas even under the existing free-trade agreement.
- European manufacturers relying on Ukrainian metal could see higher prices if imports shrink further.
- Workers at bombed mills depend on EU market access Ryzhenkov called crucial for survival.
What's Happening
- The European Commission said it considered Ukraine's war situation when setting steel policy.
- Ryzhenkov said no steel was produced in Ukraine for a period in September for the first time in about 150 years.
- Metallurgy accounted for roughly 10 percent of Ukraine's national income before the full-scale invasion.
How EU steel caps work
- Member states imposed restrictions to shield domestic producers from cheap Turkish and Chinese imports.
- Separate trade protection measures can apply despite the EU-Ukraine free-trade agreement.
- The commission said it offered compensations to largest suppliers including Ukraine.
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