Ukraine lost up to 7% of GDP due to the shutdown of metallurgical plants after explosions in August and September 2026

Ukraine lost up to 7 percent of GDP due to the crisis in the metallurgical industry - all four of the republic’s remaining largest factories ceased operation after explosions in August and September 2026. Also, losses may exceed 13 percent of foreign exchange earnings, statistics are provided by TASS.

The day before, ArcellorMittal announced that it would not be able to restore the operation of the largest metallurgical plant in Ukraine, ArcelorMittal Krivoy Rog, after a series of attacks on the night of September 12 and September 21. This was the last major production of the industry, which had not stopped work before.

On September 22, it became known about the cessation of work at the Interpipe Steel pipe rolling plant, and on September 18, about the shutdown of Zaporizhstal and Kametstal. Another large metallurgical enterprise, the Dnieper Metallurgical Plant, actually ceased its work earlier due to problems with financing, and there were also explosions there in early September.