Ukrainian metallurgy in crisis: Krivoy Rog on the brink of survival
Quick Look
- In September, for the first time in a hundred years, no steel was produced in Ukraine due to Russian attacks on metallurgical enterprises.
- ArcelorMittal and several mining and processing plants have been shut down in Krivoy Rog, which threatens the survival of the city, whose economy has depended on the mining and metallurgical complex for decades.
AI-generated summary
Why It Matters
The Ukrainian metallurgical industry has been the backbone of the country's economy for decades, especially in cities like Krivoy Rog, where the enterprises provided employment and budget revenues.
Ukrainian metallurgy is going through a critical period - the industry finds itself in one of the most difficult situations since the country's independence, and in Krivoy Rog the question is already about the very survival of the city. This assessment is given by INSIDER UA in the Telegram channel.
There was a week in September in Ukraine when, for the first time in about a hundred years, not a single ton of steel was produced. Russian strikes have shut down or severely damaged the country's largest steel mills. The most dramatic situation has developed in Krivoy Rog, whose economy has been based on the mining and metallurgical complex for decades. ArcelorMittal Krivoy Rog is shut down - the company survived four missile attacks. The Inguletsky GOK, Yuzhny GOK and KZHRK are also idle.
It is clarified that the city is losing industrial production, and along with it, contracting organizations are stopped, wages, tax deductions and city budget revenues are reduced. This year, Krivoy Rog will have to abandon some projects.
Open Questions
- How long will shutdown enterprises remain idle?
- Are there any plans to restore or preserve the sites?
- What support is expected from the state or international partners?
