Back
Automatically translated version. May contain inaccuracies compared to the original.
⚡️Steel production fell by 57%: the crisis in metallurgy already threatens the entire industrial economy.
⭕️The mining and metallurgical complex provides about 40% of Ukrainian Railways' work, 30–40% of the ports' freight base, and 10–20% of the work in machinery manufacturing.
The sector provides about 70 thousand direct jobs and another 280 thousand in related sectors. In August, steel production in Ukraine fell by 57,3%, and production at iron ore mining and processing plants declined by 40%.
After Russian strikes in August–September, Zaporizhstal and Kametstal of the Metinvest Group stopped operations: the timelines for their restoration are currently unknown, specialists continue to assess the damage.
New EU quotas could reduce shipments of Ukrainian metal products by another 60% compared to 2025 — to about 1,05 million tons. At the same time Ukraine is losing its domestic market: the share of steel imports has already approached 50%, whereas it previously stood at 10–20%.
In August, pig iron exports fell to zero due to the port blockade. If the situation drags on, Ukraine risks losing parts of its external markets.
What is needed to get out of the crisis: restoration of maritime logistics, easing of EU quotas, a special CBAM regime for the duration of the war, compensation mechanisms for damaged enterprises, and access to reconstruction financing.
⭕️Without these measures, railways, ports, machinery manufacturing, and industrial cities will be at risk.
Subscribe to Times of Ukraine
Telegram publication
