Metallurgy of Ukraine has almost ceased to contribute to GDP - Metinvest
Quick Look
- In 2026, the metallurgical industry of Ukraine reduced its contribution to GDP from 7% to almost zero due to a drop in production, logistics problems and loss of capacity, said Metinvest operating director Alexander Mironenko in an interview with Forbes Ukraine.
- The company's Central and Northern mining and processing plants are at half capacity, exporting pellets and concentrate to the EU.
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Why It Matters
Металлургическая отрасль ранее вносила около 7% в ВВП Украины, но к 2026 году её вклад сократился до почти нуля из-за снижения производства, логистических трудностей и потери промышленных мощностей.
In 2026, Ukraine's metallurgical industry virtually ceased to contribute to the country's economy, declining from seven percent of GDP to almost zero. The operating director of Metinvest, Alexander Mironenko, stated this in an interview with Forbes Ukraine.
According to him, the industry is faced with a drop in production, problems in logistics and the loss of some capacity. Currently, Metinvest's Central and Northern mining and processing plants are at about half capacity, producing pellets and iron ore concentrate that are exported to the European Union.
Metinvest is an international group specializing in steel production and mining. It has significant iron ore reserves, coal mines and steel assets in Europe and North America, and is the largest producer of iron ore in Ukraine.
Open Questions
- Какие именно логистические проблемы мешают работе отрасли?
- Какие части мощностей были потеряны и можно ли их восстановить?
- Как долго ожидается низкий уровень загрузки ГОКов «Метинвеста»?
