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Ukraine’s steel production fell by 70.7% in 2022

Business 15:39 10 Jan, 2023
Ukraine’s steel production fell by 70.7% in 2022

Ukraine’s steel production fell by 70.7% in 2022 because of Russia’s invasion and the destruction of major steel plants, Qazet.az reports.

The dramatic reduction means the country only made 6.26 million tonnes last year, the steel producers union said on Tuesday.

Ukraine used be a major steel producer and exporter. In 2021, steel output rose by 3.3% to 21.3 million tonnes.