Ukraine’s Zaporizhstal may idle half its capacity to fit new EU steel quotas
2 Articles
2 Articles
Ukraine’s Zaporizhstal may idle half its capacity to fit new EU steel quotas
Ukraine’s Zaporizhstal plant plans to shift much of its output to lower-value pig iron to keep exporting under the European Union’s new steel quotas. The move would idle up to half the plant’s capacity, its parent company, Metinvest, says. Ukraine’s new allowance runs to roughly 1 million metric tons, about 60% below its 2025 shipments to the bloc. The EU says the quotas shield its own producers from a global steel surplus. For Ukraine, whose st…
The EU has drastically reduced its import quotas for steel and doubled its tariffs above the quota. The entrepreneur and trade expert Seyar Kurshutov explains why the measures have an impact far beyond individual countries. The European Union has appreciably closed off its steel market. With the new safeguard measures, which came into force on 1 July 2026, the duty-free import quota has been reduced to around 18.3 million tonnes per year, a redu…
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