Ukraine participated in the Global Forum on Excess Steel Capacity (GFSEC) under the OECD.
This was reported by Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, on his Facebook page.
He described the utilization of steel capacities for processing and working with steel from countries with excess capacities, especially from Russia and states that support its aggression against Ukraine, as an important element.
“We welcome the tools that have been introduced to limit the inflow of Russian steel into the markets of our countries. However, we must pay special attention to the steel capacities operating in the markets of the countries represented here that belong to Russian steel holdings or are operationally dependent on the supply of semi-finished products from Russia,” Kachka wrote.
He pointed out that the current EU sanctions regime against Russia allows exemptions for the supply of steel products from Russia, leading to distortion of competition within the EU and demonstrating dependence and vulnerability to countries with excess capacities.
“We need to cooperate to eliminate these vulnerabilities by creating new supply chains among partners,” Kachka noted. “Common goals of overcoming excess capacities and protecting the climate require greater mutual support among us,” he concluded.
