Ukraine’s iron and steel industry - Latest news GMK Center

Business warns of risk of business shutdowns due to permit conflicts and lack of transition period

The association warns of the risk of mining's shutdown due to staffing crisis, energy costs, and mobilization

A decline in raw material supplies by more than 17% y/y led to an overall reduction in iron and steel exports

Contributions to the state budget amounted to over 4 billion, and to local budgets – 782 million UAH

The majority of supplies are Polish products

The decline was observed only in the iron ore, semi-finished products and pipes segment

The majority of the products were exported to EU countries

Export revenues increased by 3.9% y/y

New products were released by Kametstal, Zaporizhstal, and the Bulgarian plant Promet Steel

The main volumes of supplies go to Algeria, Poland, and Turkey

During the year, most of the products were exported to Bulgaria, Turkey, and Poland

Approximately 40.1% or 1.6 million tons are imported