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russian agression - Latest news GMK Center

Photo – Stalkanat plant operates at 75% of its capacity
Stalkanat plant operates at 75% of its capacity

The company plans to enter the US market

Photo – Since the beginning of the war, Metinvest has donated UAH 1.5 billion to support Ukraine
Since the beginning of the war, Metinvest has donated UAH 1.5 billion to support Ukraine

The help included humanitarian, military, economic efforts, as well as employees support

Photo – US has imposed sanctions on Severstal and its major shareholder
US has imposed sanctions on Severstal and its major shareholder

American companies to stop operations with Severstal until August 31, 2022

Photo – In May, Ukrzaliznytsia saved its cargo shipments at the April’s level
In May, Ukrzaliznytsia saved its cargo shipments at the April’s level

During the month, 9.15 million tons of cargo were transported by rail

Photo – Zaporizhstal reduced rolled metal output by 53% in May
Zaporizhstal reduced rolled metal output by 53% in May

Steel and iron production also fell by more than half

Photo – Duties suspension on Ukraine’s imports to the EU came into force
Duties suspension on Ukraine’s imports to the EU came into force

Ukrainian producers can import goods into the EU duty-free for one year

Photo – Ukraine’s payments balance deficit reached $783 million in April
Ukraine’s payments balance deficit reached $783 million in April

A year earlier, in April, an extra of $795 million was recorded

Photo – Ports unblocking will reduce the drop of Ukraine’s GDP in 2022 to 22-25%
Ports unblocking will reduce the drop of Ukraine’s GDP in 2022 to 22-25%

If the ports still blocked, the economy is expected to decline by 30% by the end of the year

Photo – In 2022, steel production in Ukraine may fall to 7.6 million tons
In 2022, steel production in Ukraine may fall to 7.6 million tons

4.7 million tons of rolled steel exports are expected at the same period

Photo – Ukraine’s budget deficit reaches $5 billion a month
Ukraine’s budget deficit reaches $5 billion a month

Now, about 35% of the country's economy does not work

Photo – Foreign buyers demand discounts of up to 40% from Russian steel companies
Foreign buyers demand discounts of up to 40% from Russian steel companies

The reasons are sanctions, strong ruble and a sharp rise of coal and freight prices

Photo – 70% of Ukrainian companies cut production in April
70% of Ukrainian companies cut production in April

The number of employees decreased by 58% at the surveyed enterprises

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