Stanislav Zinchenko

The industry is in a state of systemic stagnation caused by the effects of the war, broader economic factors, and deindustrialization

Of course, a deferral of a few years won’t fix everything

Provided that funding is secured for a number of investment projects, Ukraine will be able to export between 20 and 25 million tons of DR pellets

Ukraine should use the best European experience when implementing a system of emissions trading instead of a carbon tax

Green steel could become a luxury only a few countries can afford

Ukrainian steelmakers need access to European public funding to ensure future green transition

The situation is almost catastrophic – both we and our European partners will lose from it

The new wave of trade barriers started in 2024

Ukraine has the potential to supply 20-25 million tons of raw materials for DRI production to the commercial market, providing 14% of the global market demand

The share of American iron & steel imports is less than 1%, and even an increase in supply volumes cannot harm local producers

Ukraine needs time to adapt to European regulation

Solving the existing problems depends on cooperation between Ukrainian and European authorities

Companies have adapted to new conditions, but new problems constantly arise

Disruptions in supply chain are not the main problem now. War worsens current economic situation globally

Ukraine has lost up to 50% of the economy, and will recover only in 5 years at the pre-war level

Voluntary exclusion of Russian products from the supply chain of companies can be more significant than country-level sanctions

Every operating enterprise is now worth its weight in gold in Ukraine

Are those investments stable and can they be relied on in the future?

The CBAM will cause a decrease in Ukrainian producers’ investments

The EU’s experience in the implementation of the green industrial policy can be a driver of economic change in Ukraine

Export costs of Ukrainian companies supplying their products to the EU might increase to €566.3 million

Ukraine cannot afford an ongoing and strict quarantine. Otherwise, the country will lose 16–20% of its GDP

What will await Ukraine’s steel industry next year?

The steel industry will go green — in Ukraine too

The Cabinet’s Action Plan evidences no strong presence of the government in the country’s economic life