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Ukraine Eyes Pragmatic Steel Tariff Agreement with US Amid Trade Growth Surge

Synopsis: Ukraine’s Deputy Economy Minister Taras Kachka is optimistic about reaching a pragmatic deal with the US to address steel tariffs, citing a significant rise in Ukrainian exports to the U.S. in 2024. The surge in exports, primarily driven by metals, is helping reshape trade dynamics between the two nations.
Wednesday, February 5, 2025

Voor meer, zie link:

www.oreaco.com/steel/ukraine-eyes-pra...
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Ukraine expects less scrap consumption in 2025
Ukrainian mills increased procurement of ferrous scrap in 2024, according to the Ukrainian association of secondary metals, UAVtormet.

Purchases were 37% higher year-on-year at 1.7 million tonnes, Kallanish notes. Domestic supply of scrap to Ukrainian enterprises increased 30% on-year to 1.34mt.

Ukrainian exports of scrap last year amounted to 293,200t, up 60.7% more on-year, which is a record high since the beginning of Russia’s invasion, the association claims. “By the end of 2025, this figure could reach 350,000t, reflecting further growth of almost 20%,” it adds.

In 2021, Ukraine’s parliament increased the duty on exports of ferrous scrap to €180/tonne ($194). However, the duty is minimal for shipments to the EU.

Voor meer, zie link:

www.kallanish.com/en/news/steel/marke...
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