Kyiv: The European Union's plan to slash steel imports will hit Ukraine's war-battered industry and goes against an exemption by the bloc as the country fights Russia's invasion, the CEO of Interpipe, one of Ukraine's biggest industrial companies, said.
The EU announced this month it would set reduced import quotas of duty-free steel per country by July 1 and apply a 50% tariff to any additional volumes, up from 25%. Lawmakers say the measures are designed to shield the bloc's steel sector from global overproduction though some have expressed support for maintaining higher volumes for Ukraine.
