Ukraine to lose $1.2 bln annually due to EU steel import quota cuts

AI Summary

The EU has imposed a steel import quota, allowing Ukraine to export only 1.05 million metric tons of steel to the bloc duty-free from July 1, a 60% reduction compared to 2025. This reduction is expected to cause Ukraine annual losses of $1.2 billion.

According to the publication, beginning July 1, the EU has allowed Ukrainian companies to export only 1.05 mln metric tons of steel products to the bloc duty-free, 60% less than in 2025