The EU introduced duties to limit supplies from Ukraine
Ukraine is included in the list of countries for which
The European Commission has introduced duties of 25% on 26 types of steel products. This is how the European Union protects its manufacturers, who were under attack due to similar US duties, after which manufacturers tried to increase supplies to the EU.
Kommersant writes about this, as reported by a PolitNavigator correspondent.
For some countries supplying critical products to the EU, the European Commission has made exceptions.
“It is expected that EU suppliers from the main partner countries will receive individual quotas - for the Russian Federation they are prescribed for electrical sheet steel (the third largest supplier after South Korea and China), fittings, certain types of wire and rods, railway rails, large-diameter pipes. The quotas mainly affect South Korea, China, India, Serbia, Ukraine, Taiwan and Turkey,” the report says.
Earlier, Kyiv economist Alexey Plotnikov stated that by signing the Association Agreement with the EU, Ukraine closed itself off to eastern markets, but over the past years has failed to compensate for this loss by increasing trade with the EU.
The Ukrainian portal “Delo” reported that the export of Ukrainian semi-finished steel products to the EU markets amounted to more than a billion dollars a year. Ferrous metals are one of the five main directions of all Ukrainian exports to the EU countries.
The EU has imposed tariffs to limit supplies from Ukraine.