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Photo – Steel sustainable development: Ukrainian iron and steel industry systematically supports people and the country during the war

Humanitarian aid of Ukrainian iron and steel companies reached more than $100 million in six months

Photo – Western sanctions had almost no effect on the work of the Russian iron and steel industry
Western sanctions had almost no effect on the work of the Russian iron and steel industry

After 6 months of war, steelmakers from the Russian Federation are experiencing difficulties with exporting products and buying spare parts for equipment

Photo – The European energy crisis created new opportunities for Asian steel producers
The European energy crisis created new opportunities for Asian steel producers

Also, the rise in energy prices and the war in Ukraine put the ambitious green transition of European steelmakers on pause

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 – What Ukrainian steelmakers will receive as part of the grain agreement
What Ukrainian steelmakers will receive as part of the grain agreement

Given the weak demand, we should not count on a sharp increase in the export of mining&metals, but cargoes to Europe will go faster

Photo – Business negatively evaluates the new changes of the Cabinet of Ministers for subsoil users
Business negatively evaluates the new changes of the Cabinet of Ministers for subsoil users

The State Geology, on the contrary, believes that the changes will remove obstacles to the work of mining companies

Photo – Will anti-dumping investigations against steel from the Russian Federation become a trend
Will anti-dumping investigations against steel from the Russian Federation become a trend

Cheap Russian steel products lead to a drop in production and income of local manufacturers

Photo – Currency fall: the weakening of the hryvnia will help to revive exports
Currency fall: the weakening of the hryvnia will help to revive exports

The NBU's decision to correct the exchange rate is due to the reluctance to burn foreign exchange reserves and increase emissions

Photo – World scrap metal prices are falling due to reduced steel production
World scrap metal prices are falling due to reduced steel production

Market operators expect that scrap prices will rise in autumn due to the increase in demand for steel

Photo – Steelmakers around the world are shutting down capacity due to falling demand
Steelmakers around the world are shutting down capacity due to falling demand

EU steel companies are waiting for an increase in demand and a rise in steel prices in the fall, but this may not happen

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

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