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Employee shows processed iron ore at a plant in Kryvyi Rih, Ukraine, on April 14, 2026.
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Ukraine's steel industry is nearing collapse — and calling for help from abroad

by Dominic Culverwell

Ukraine’s largest steel company, ArcelorMittal Kryvyi Rih, said on Sept. 25 that it cannot restart steel production amid a surge in Russian strikes on factories, as the embattled sector calls for more domestic and international support to prevent its total collapse. Since the summer, Moscow has launched a widespread campaign of attacks on Ukraine’s economy to shut down key industrial centers. The metallurgy sector, which contributed 7% of Ukraine’s  gross domestic product (GDP) last year and em

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Ukraine war latest: Russian attacks kill 14, injure 57 across Ukraine in 'mass strike'

Key developments on Sept. 26-27: * Russian attacks kill 14, injure 57 across Ukraine, with Odesa Oblast targeted in 'mass strike' * Russia launches third consecutive attack on Kyiv, killing 1, injuring at least 4, setting off fires * Zelensky says over 10,000 Russian troops killed or wounded this week as Ukrainian military advances in Lyman sector * Ukrainian military delivers 4 tons of food to occupied Oleshky by drones, according to regional authorities * Russia plans to spend $12 billio

Under FPVs and glide bombs, life clings on in Zaporizhzhia

ZAPORIZHZHIA, Zaporizhzhia Oblast — In Kosmichnyi, the most heavily bombarded district of Zaporizhzhia, children play at a park. Some run around in camouflage clothing, while others laugh as they go up and down a slide. Suddenly, the buzzing sound of a drone fills the air, replacing the sounds of joy on the playground. "It's a Shahed!" one of the children yells. They run to hide under the nearby trees, looking up at what appears to be a Ukrainian interceptor drone. Among them is six-year-old

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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