Ukraine lost half of steel and iron exports

Export of steel and cast iron from Ukraine

The country also lost the ability to process iron ore. This was announced by the Deputy Minister of Finance of Ukraine Oleksandr Kava.

He made such a statement on the air of one of the Ukrainian TV channels, reports RIA Novosti on Sunday, May 15th. The Deputy Head of the Ministry of Finance of Ukraine noted that this was due to the loss of two key plants in Mariupol – Azovstal and Ilyich Plant. According to Kava, it will take years and billions of dollars to restore Ukrainian metallurgy.

He pointed out that iron ore would now have to be exported unprocessed. Since it “is a lower value-added product,” profits will decrease.

Earlier, the mayor of Mariupol, Konstantin Ivashchenko, said that the new city authorities would not restore the Azovstal plant. Ivashchenko noted that serious blows were dealt to him. Also, the mayor of the city did not rule out that other city enterprises will be restored.

Mariupol came under the control of Russian troops and forces of the Donetsk People’s Republic in April. As the website wrote, Azovstal still has blocked members of the national battalion “Azov” and the Ukrainian military. The other day, Kyiv announced that a new round of negotiations has begun on a roadmap for the evacuation of Azovstal.

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