Metallurgy sector's share in Ukraine's GDP projected to collapse to 0% in 2026 — NV
Russian ballistic missile strikes have forced key steel plants to halt operations, crushing 90% of production, NV and industry officials reported on Sept. 29.
Russian missile strikes have rendered Ukraine's metallurgy sector virtually non-existent, with projections indicating that its contribution to the country's GDP could plummet to zero percent by 2026. Ukrainian steel production has been decimated, with key plants forced to cease operations amid relentless attacks. ArcelorMittal Kryvyi Rih, Ukraine's largest integrated steel mill, is among the facilities that have been crippled by precision ballistic missile strikes.
On September 21, the plant was targeted by four separate missile strikes, killing five workers, injuring 17 others, and causing extensive damage to crucial production areas. The Financial Times reported that Russian missile strikes paralyzed key metallurgical facilities across Zaporizhzhya and Dnipropetrovsk oblasts, historically responsible for 90% of Ukraine's crude steel output.
Oleksandr Vodoviz, Metinvest's chief of staff, stated that Ukraine no longer possesses a metallurgical industry due to the relentless assaults. Over 15,000 workers were employed at the disrupted production assets, and recent strikes occurred on August 11, August 27, September 12, and September 17. The cumulative impact of these attacks has left the Ukrainian metallurgy sector in ruins, with the industry forced to mothball operations until the conflict comes to an end.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
