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

More than 50% of imports consist of coated flat-rolled products

Export revenue rose by 13.4% y/y

Ukraine has gained significant experience at the intersection of the military and industrial sectors

A year earlier, these volumes reached 38,960 tons

The reserves in blocks 40–46 at the Yuvileina Mine are sufficient for six months of steady production

Over the past four months, shipments have declined by 0.4% y/y

Ukrmetallurgprom plans to resubmit the same proposal to the Ministry of Economy

The United States accounted for the bulk of Ukrainian product consumption

An MEP called on the EU to take Ukraine’s special status into account in the new steel trade regime

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)