Baltics: News

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New EU steel quotas are a crippling hit to Ukrainian industry

The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

About Baltics

The Baltics comprise Estonia, Latvia, and Lithuania, three NATO member states on the Baltic Sea that together cover 175,000 square kilometers (67,568 square miles). The countries have a combined population of approximately 6 million. The Baltics strongly support Ukraine with military aid, refugee assistance, and international advocacy, and view Russian aggression as an existential threat due to their shared history of Soviet occupation.

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