EU quota system ‘could kill Ukrainian steel industry’, boss says

Protectionist measures will deal blow to country’s budget as it defends itself against Russia, says Metinvest chiefNew EU limits on steel imports could destroy Ukraine’s industry and deal a big blow to the country’s budget as it defends itself against Russia, according to the head of its biggest steelmaker. Yuriy Ryzhenkov, the chief executive of Metinvest, said the new EU quota system due on 1 July could “kill the Ukrainian steel industry”.