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Ukrainian steel industry faces crisis due to Russian attacks and EU tariff cuts

Fortune ·

  1. 1Metinvest suspended operations at both of its steel plants in August and September this year.
  2. 2The EU will apply a 60% reduction in major Ukrainian steel tariff quotas starting July 2026.
  3. 3If no action is taken, the end of the Ukrainian steel industry is almost inevitable.

So what's the key point?

Metinvest steel plants have stopped operating due to Russian attacks and reduced tariff benefits from Europe. Without any countermeasures, the Ukrainian steel industry could face disappearance.

Source Fortune · View original ↗

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