GMK Center
Shutdown of steel plants threatens Ukraine with $5 billion export loss
Due to the cessation of metal production operations caused by Russian attacks, Ukraine could lose $5 billion in export revenue in 2026–2027. The country will also have to spend an additional $1.5 billion on steel imports.
Maritime blockade and industrial strikes cause 57% drop in steel production in August 2026
In August 2026, Ukrainian metallurgical enterprises reduced steel smelting by 57.3% compared to the same period last year, down to 277,000 tons. The industry has been under pressure from the maritime blockade, European trade restrictions, and a…
Pig iron exports fell 72% in July
In July, Ukraine’s pig iron exports fell 72% to 51,500 tonnes. Over seven months, shipments decreased 0.55% year-on-year to 1.03 million tonnes.
