GMK Center

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Anti-dumping duties against Bulgarian rebar in Canada will reduce steel exports from Ukraine by 60-80 ths tons

2 months ago | gmk.center | Andrii Tarasenko

The Canada Border Services Agency (CBSA) introduced final anti-dumping duty of 15.9% against rebar from Bulgaria (Promet Steel) in mid-December 2024. This decision has indirect impact on export of steel from Ukraine, as rebar in Bulgaria is produced from Ukrainian square billet, stated in the report of GMK Center “Trade restrictions as the key challenge for steel industry in 2025”.
ANNOUNCEMENT: International Industrial Forum - 2025

Jan 22, 2025 | gmk.center

The forum includes specialized exhibitions and a rich program of seminars and presentations
US launches a comprehensive review of its trade relations

Jan 21, 2025 | gmk.center | Галина Ермоленко |Halina Yermolenko

Trump also announced the introduction of a 25% duty on imports from Mexico and Canada
European countries granted €14.6 bln for decarbonization of the steel sector

Dec 9, 2024 | gmk.center | Andrii Tarasenko

Tata Steel Ijmuiden project to be largest recipient of government aid Over the last six months, the amount of state grants for steel industry decarbonization projects in Europe has increased by €4 billion, reaching a total of €14.6 billion. A total of 15 subsidy decisions have been announced in European countries, with an average amount of assistance per project of around €1 billion. As steelmakers’ plans become more detailed, governments are moving from discussions to decisions.
Infographic - Pain points of European iron & steel industry - GMK Center

Dec 1, 2024 | gmk.center | Andrii Tarasenko

Weak market forces European steelmakers to cut costs, jobs, delay wage payments Steel prices on the European market have been at rock bottom for the third month. The influx of imports in October has overstocked warehouses, and buyers are in no hurry to resume purchases. Incentives in China have increased prices globally, but not in Europe. The margins of steel producers are critical. We are seeing a sharp deterioration in the financial condition of steel companies.
Import share of plate market in Poland was 90% in 2023 — GMK Center

Nov 13, 2024 | gmk.center | Andrii Tarasenko

Local production fell by 52% in 2013-2023 The plate market in Poland is quite stable with an average volume over the last 10 years of 1.06 million tons, which is similar to 2023 numbers. The plate market accounts for 8% of total steel consumption in Poland. Domestic plate production in Poland is stagnating, having fallen by 52% in 2013-2023. There are three local producers with a total capacity of 1.26 million tons.
Attempt number three or how Poland can increase the production of flats

Nov 10, 2024 | gmk.center | Andrii Tarasenko

Yes, this market by 90% depends on imports. We are talking about the steel plate market in Poland. And this market is quite large – about 1 million per year in 2015-2023. But, surprisingly, local production is in crisis, and two out of three manufacturers have gone bankrupt in the last 10 years. Steel plate is a sheet steel rolled product, typically with a thickness of more than 3 mm. Large consumers of plate are construction, renewables, shipbuilding and the defense sector.
European electricity prices and their impact on the Ukrainian economy

Jul 29, 2024 | gmk.center | Andrii Tarasenko

A year ago, one of the key topics of discussions on EU integration was Ukraine’s climate commitments. This seemed the most important for understanding the prospects of domestic industry and steel sector. Now we have a shortage of electricity and, in fact, a simultaneous transition to European prices. And this issue has become the cornerstone, the main problem for the industry of Ukraine. High electricity prices make climate issues secondary.
How the Russia-Ukraine war has impacted on logistics routes and supply chains — GMK Center

Jul 11, 2024 | gmk.center | Станислав Зинченко |Stanislav Zinchenko

Supply Chains in EU and Ukraine total changed after 27 months of war
Iron and steel sector contributed 5.7% to the GDP of Ukraine in 2023

Jun 2, 2024 | gmk.center | Andrii Tarasenko

The iron and steel sector of Ukraine was one of the most suffered from the Russian invasion of Ukraine, stated in the study of GMK Center “Economic impact of iron and steel sector of Ukraine 2023”. It’s an annual study of the contribution of iron and steel sector to socio-economic development of Ukraine. Number of steelmaking plants in Ukraine reduced to only six from twelve in 2013, as the large part of steelmaking facilities were damaged or located on occupied territories.