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

Photo – Ukraine increased imports of long steel products by 63.9% y/y in Q1
Ukraine increased imports of long steel products by 63.9% y/y in Q1

The bulk of imports consists of other carbon steel bars and rods, not further worked, twisted

Photo – Kametstal is carrying out a major overhaul of blast furnace No. 9
Kametstal is carrying out a major overhaul of blast furnace No. 9

Upgrading key equipment should ensure the unit's stable operation and the fulfillment of production targets

Photo – Ukraine saw a 60.5% y/y decline in long steel exports in Q1
Ukraine saw a 60.5% y/y decline in long steel exports in Q1

The majority of the products were shipped to EU countries

Photo – DMZ produced 8,100 tons of steel products in April
DMZ produced 8,100 tons of steel products in April

The company produced five types of rolled steel and completed the latest phase of modernizing its production facilities

Photo – Metinvest has fully paid off its 2026 bonds
Metinvest has fully paid off its 2026 bonds

The repayment was made using internal cash flow

Photo – Sukha Balka and DMZ paid 142 million UAH in taxes in Q1
Sukha Balka and DMZ paid 142 million UAH in taxes in Q1

The companies of the DCH Steel Group have ensured stable revenue for budgets at all levels

Photo – Ukraine is working to mitigate the impact of the CBAM on its exports
Ukraine is working to mitigate the impact of the CBAM on its exports

This issue will be raised at the political level for further resolution

Photo – From strength to vulnerability: Ukraine’s steel sector in 2025
From strength to vulnerability: Ukraine’s steel sector in 2025

Declining production, rising imports, and uncertainty surrounding the CBAM are jeopardizing the industry’s future

Photo – Ukraine reduced imports of flat steel by 12.8% y/y in January–March
Ukraine reduced imports of flat steel by 12.8% y/y in January–March

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

Photo – Iron and steel sector of Ukraine paid $0.9 bln in taxes in 2025
Iron and steel sector of Ukraine paid $0.9 bln in taxes in 2025

The sector accounted for 1.4% of total tax revenues in Ukraine

Photo – Iron and steel sector contributed 5.5% to the GDP of Ukraine in 2025
Iron and steel sector contributed 5.5% to the GDP of Ukraine in 2025

The industry has lost positions in many export markets, while becoming increasingly dependent on shipments to the EU

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