In Ukraine, ferrous metallurgy is one of the leading industries. The mining and metallurgical complex accounts for a quarter of the country’s industrial production, providing a tenth of GDP and about a third of all foreign exchange earnings.
Today about 80% of Ukraine’s metallurgical production is exported, which makes the Ukrainian mining and metallurgical complex unique in the world, as in major countries with developed metallurgy situation is diametrically opposite – for metal companies of Japan, the U.S., the main is the domestic market.
In Ukraine, there are five big players in the field of metallurgy. They are the largest private company Metinvest, ArcelorMittal Kryvyi Rih, DCH, Interpipe, and Ferrexpo.
Metinvest alone provides jobs for over 80,000 people and helps generate 8 percent of the country’s GDP.
Since the beginning of the war, due to the blocking of seaports, the geography of exports has noticeably changed – if earlier Ukraine supplied about a third of the products of the Mining and Metallurgical Complex to the EU countries, then in 2022 – more than 60%.
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