Ukraine's Metallurgy Industry Facing Collapse Due to Russian Strikes and Export Restrictions
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Russian forces have launched multiple missile strikes on key Ukrainian metallurgical plants, including 'Zaporizhstal' and 'ArcelorMittal Kryvyi Rih', causing significant damage and halting production. These attacks, combined with port blockades, increased railway costs, and new EU quotas and carbon tax (CBAM), threaten to shut down Ukraine's metallurgy industry by spring 2026. The country could lose around 72% of its steel production, leading to substantial economic losses and job cuts.
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