Storyline
The crisis in Ukrainian metallurgy emerged due to Russian strikes that incapacitated two key enterprises. This led to the shutdown of several facilities and posed a threat of significant GDP losses. ICC Ukraine has called for a reduction in the tariff burden and a review of trade conditions with the EU, as new restrictions are also adversely affecting the sector.
From the beginning to today
Ukrainian metallurgy faces a severe crisis following Russian strikes that disabled two key enterprises, Zaporizhstal and ArcelorMittal Kryvyi Rih. These companies accounted for approximately 72% of steel production in Ukraine in 2025, and the timeline for their recovery remains uncertain.
Ukraine's mining and metallurgy sector is facing a challenging period due to Russian strikes, port blockades, and new EU quotas. Some enterprises have already halted operations, and iron ore production may drop by 50% in the second half of the year. Experts warn of potential losses in GDP and export revenue.
ICC Ukraine закликала знизити тарифне навантаження на промисловість.
European Union restrictions, including new quotas on duty-free imports and the CBAM environmental tax, may significantly impact the Ukrainian economy. Estimates suggest losses could exceed 6% of GDP, with steel production already down by 5.6% in the first seven months of 2026.
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