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Photo – Iron and steel exports fell more than the overall figure in 2022

All-Ukrainian exports last year decreased by 38% compared to 46-72% in iron and steel industry

Photo – The steel consumption in Ukraine decreased by 55%: market review based on the results of 2022
The steel consumption in Ukraine decreased by 55%: market review based on the results of 2022

The main decline in the consumption of steel products occurred in the construction sector

Photo – Iron and steel industry needs systemic support from the state
Iron and steel industry needs systemic support from the state

The authorities and the industry are trying to come to an understanding regarding the support of the iron and steel sector

Photo – Ukrainian steel sector needs the unblocking of Black Sea ports
Ukrainian steel sector needs the unblocking of Black Sea ports

Monthly losses of steel products export from Ukraine due to blocking of ports reach $420 million

Photo – October was the worst month for Ukrainian iron and steel products export in 2022
October was the worst month for Ukrainian iron and steel products export in 2022

The critical situation can only be improved by opening access to seaports for cargoes from the iron and steel industry

Photo – Attacks on the energy infrastructure have complicated the work of the steel sector
Attacks on the energy infrastructure have complicated the work of the steel sector

Companies in the industry are working with reduced volumes and are implementing energy saving measures

Photo – State support for industry does not correspond to the scale of losses
State support for industry does not correspond to the scale of losses

In the conditions of war, the Ukrainian government is constantly expanding credit and grant programs, but their volumes are minimal

Photo – The Cabinet of Ministers expects UAH 5.41 billion in rent payments for iron ore mining in 2023
The Cabinet of Ministers expects UAH 5.41 billion in rent payments for iron ore mining in 2023

Despite the problems with export logistics and the closed mining and proccesing plants, the government has budgeted large rents from iron ore mining in the next year

Photo – Export intensification instead of import taxes
Export intensification instead of import taxes

Unblocking sea ports for iron&steel products will ensure growth of foreign exchange earnings and stabilization of the exchange rate

Photo – Summer recession: why Ukraine’s steelmakers and miners reduce activities
Summer recession: why Ukraine’s steelmakers and miners reduce activities

Business cannot solve many new problems without authorities involvement

Photo – The end of hopes: steel production in Ukraine to fall because of low prices
The end of hopes: steel production in Ukraine to fall because of low prices

The war, problems with logistics and raw materials deliveries are strongly affect the steel production too

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