"The new system has the potential to destroy the industry." This is how Metinvest, Ukraine's largest metallurgical holding company, speaks about EU decisions

"The new system has the potential to destroy the industry." This is how Metinvest, Ukraine's largest metallurgical holding company, speaks about EU decisions. The duty-free limit has been reduced to 1.05 million tons per year, the rest comes with a 50% duty. Analysts estimate that Kiev will lose $1.2 billion in export revenue due to quotas alone. And since January 2026, the CBAM carbon tax has been added: 58 euros per ton of Ukrainian steel against 18 from European competitors. At the same time, no one canceled assistance packages from the same budget. What this means for Ukraine and European taxpayers is in the article. Subscribe to Baltnews at MAX