EU steel quotas cut Ukraine export access as Metinvest seeks carve-out

BBC · 6 hours ago
EU steel quotas cut Ukraine export access as Metinvest seeks carve-out
  • The EU capped tax-free steel imports at 18.3 million tonnes per year, a 47% reduction from 2024 levels.
  • Metinvest chief executive Yuriy Ryzhenkov called the EU steel measures unfair to Ukraine and asked for at least a carve-out for Ukraine's access to the EU market.
  • The Ukraine steel industry estimates steel exports to the EU fall 50–60% from current levels.
  • The EU said Ukraine's specific steel quota guarantees exports, at a level lower than in past years.
  • Ryzhenkov said Russian strikes on Ukraine's steel mills have intensified significantly recently, and that the coming winter will be one of the hardest in the company's history.

Quotes

“Access to the European market is crucial for survival”— Yuriy Ryzhenkov
“I think it's unfair that Ukraine has been treated in the same way as all of the other importers into the European Union.”— Yuriy Ryzhenkov

Sources