‼️🇺🇦🔥 Ukraine risks losing its domestic steel production as early as 2027, according to GMK Center

▪️Steel production is forecast to fall by 39% in 2026 and could drop to zero in 2027. Meanwhile, the steel industry's export revenue will decline by approximately $2.5 billion in 2026 and by another $2.5 billion in 2027.
▪️An additional blow is the need to replace domestic steel with imports. In 2027, this could cost another $1.5 billion, and the total deterioration in the trade balance compared to 2025 is estimated at $6.5 billion.
▪️At the same time, a sharp decline in iron ore production is predicted: by 37% in 2026 and by another 55% in 2027.
▪️The longer Ukraine's metallurgical capacity remains idle, the more difficult and expensive it will be to restart it.
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