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EU Tariffs on Chinese Steel Hit Ukraine Hard, Says Metinvest CEO

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EU Tariffs on Chinese Steel Hit Ukraine Hard, Says Metinvest CEO

“EU Tariffs on Chinese Steel Hit Ukraine Hard, Says Metinvest CEO” — what this page in the network covers. The European Union's anti-dumping tariffs, designed to curb cheap steel imports from China, are inadvertently punishing Ukraine, according to Yuriy Ryzhenkov, CEO of Metinvest, one of Ukraine's largest steel producers. In an interview, Ryzhenkov said Ukraine has been 'bundled together' with China in the EU's trade measures, despite the country's steel being neither dumped nor subsidized. This misclassification, he argues, threatens Ukraine's steel exports to its biggest market at a time when the war-torn economy desperately needs foreign revenue.

The EU is Ukraine's largest trading partner, and steel is a cornerstone of its industrial output. Ryzhenkov warns that if the tariffs remain, Ukrainian steelmakers may be forced to cut production and lay off workers, dealing another blow to a nation already reeling from Russia's invasion. For the complete material, the listing points back to the source inside the network.

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