EU canceled quotas on import of Ukrainian metal
On May 28 the quotas on import of the Ukrainian metal production to the European Union countries are canceled. According to the experts, a cancellation of restrictions will allow the Ukrainian metallurgical companies to increase their supplies to the countries of the EU at least twice as much. However a rapid growth of import may cause antidumping or special investigations, the experts warn.
Yesterday on May 28 the decision of the EU council, on cancellation of quotas on import of all steel products from Ukraine to the EU countries, was publicized. The cancellation of quotas is related with the Ukraine's accedence to the WTO.
Despite the representatives of the Ukrainian metallurgical companies positively estimated a cancellation of quotas, they do not hurry to increase their supplies significantly.