INFOGRAPHICS

Ukraine needs systemic support for basic industries to recover at least to pre-war levels

Local production fell by 52% in 2013-2023

Growth leaders are construction, steel sector and food industry

High energy costs and stagnation in the economy restrain market development

Capital investments of steel sector in 2023 amounted to UAH 16.6 billion

The share of imports in the domestic consumption of steel during 2021-2023 increased and remains at record levels

The EU steel industry has a huge unrealized potential to increase scrap consumption to meet the goals of reducing carbon emissions and developing a circular economy

Due to weak domestic consumption, local steelmakers direct surpluses to unprotected export markets

Every year China increases steel capacity while reducing apparent steel consumption