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EC seeks to extend duty-free imports for Ukraine steel as Metinvest CEO warns capacity depends on security guarantees

Photo by yasin hemmati / Unsplash

The European Commission (EC) said it has proposed to prolong measures guaranteeing duty-free imports for Ukraine's steel as it looks to support the country's economy.

"Iron and steel exports to the EU are a significant source of revenue for Ukraine. Continuing to exempt these products from steel safeguard measures would support Ukraine's economy, by helping to alleviate the difficult situation faced by Ukrainian producers and exporters because of Russia's unprovoked and unjustified war of aggression," the EC said.

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