Ukraine’s steel makers worry that President Trump’s new 25% customs duties on imported steel will provoke copycat barriers
Tuesday, June 5, 2018

Ukraine’s steel makers worry that President Trump’s new 25% customs duties on imported steel will provoke copycat barriers

Ukraine’s steel makers worry that President Trump’s new 25% customs duties on imported steel will provoke copycat barriers in Ukraine’s two main markets: the EU and Turkey. The destination for half of Ukraine’s steel exports, Brussels and Ankara are studying their steel markets, Oleksandr Kalenkov, president of Ukrmetalurgprom, the producer association, tells Interfax-Ukraine. Referring to the June 1 start of the US tariffs, Sergey Lavrynenko, CEO of Stalkanat-Silur, tells the news agency: “This is, in essence, an explosion in the market, which will be difficult to predict.”

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