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

The majority of the raw materials was shipped to China, Slovakia, and Poland

So far, the European Commission has avoided giving clear answers about the prospects for easing the mechanism for Ukraine.

The actual impact of the mechanism on Ukraine is significantly worse than the European Commission had forecast (-0.01% of GDP)

Ukraine does not have excess production capacity

The European Commission has acknowledged the issue regarding the use of default emission values, and it will be resolved in the near future

The overhaul of grinding circuit No. 2 is expected to improve equipment reliability and reduce fuel consumption

The company attributes the decline to an unscheduled shutdown of production facilities caused by the Russian army's attack on the region's infrastructure

New lining technology has made it possible to increase production at converter No. 2 by 1,300 charges

Production for the first four months have reached last year's level

This mechanism could paralyze an industry that is critical to the country's defense

The company transferred 889 million UAH to the state budget and 182 million UAH – to local budgets

The upgrade of the unit is expected to reduce the risk of downtime and improve the stability of steel production