Ukraine’s steel industry is bracing for another difficult year ahead. Despite some recovery in 2024, with steel output reaching 7.5 million tons, the sector still faces significant challenges. The ongoing war, logistical hurdles, and an unfavorable global market situation are expected to impact production and exports.
The industry, which contributes significantly to Ukraine’s GDP and exports, is focusing on maintaining stability and adapting to the evolving economic landscape. The coming year is anticipated to bring further difficulties, with global steel prices under pressure and demand in key markets like the EU expected to decline.