The U.S. supplies are meant to offset the loss of coking coal from the mine near Pokrovsk, which has suspended operations as Russian forces are closing in on the Donetsk Oblast town.
"We'll be announcing it very soon. It'll be 25% generally speaking, and that will be on cars and all other things," U.S. President Donald Trump said.
The following is the Feb. 11, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine’s steel industry — one of its most critical sectors — just can’t seem to catch a break
First Deputy Prime Minister and Economic Development Minister Yulia Svyrydenko said that the decision to impose tariffs will naturally affect Ukraine's steel industry.
Ukraine’s steel producers are now looking abroad to stay alive after the closure of the country's last operating coking coal mine in Pokrovsk last month. Miners were working up until Jan. 13 when the Metinvest Group, the mine’s owner, halted production completely and evacuated employees as Russian troops
The following is the Jan. 15, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Metinvest, Ukraine's largest steel producer, said on Jan. 14 that it had suspended operations at the Pokrovsk coking
The Pokrovsk coal mine, one of the largest in Eastern Europe, is located 10 km (6 miles) west of Pokrovsk. The mine produces coal for coke production needed in steelmaking, which is Ukraine's second-largest export after agriculture.
The following is the Dec. 18, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The Council of the EU adopted on Dec. 16 its 15th package of sanctions against Russia since the
The closure comes amid an increasingly dangerous Russian advance towards Pokrovsk, where Ukraine has lost key positions in recent days.
Officials from U.S. President Joe Biden's administration raised the possibility of these sanctions during a G7 deputy finance ministers meeting on Oct. 22 in Washington, D.C.
Ukraine sold state-owned UMCC-Titanium for Hr 3.94 billion hryvnia ($96 million) to Cemin Ukraine, the country’s State Property Fund said on Oct. 9th in a statement.
Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih, addressed the company's current situation and future plans, noting both progress and significant obstacles. He acknowledged the company's recovery efforts but highlighted the challenges they continue to face in 2024, including falling iron ore prices and stagnation in the European steel market. "For
The following is the Sept. 3, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The noise is deafening inside global steel giant ArcelorMittal’s plant in Kryvyi Rih in Dnipropetrovsk Oblast — Ukraine’
The wiring of machines cranking out red-hot steel bars and ingots drowns out the shouts of workers donning sooty hard hats and protective jumpsuits. The noise is deafening inside global steel giant ArcelorMittal’s plant in Kryvyi Rih in Dnipropetrovsk Oblast — Ukraine’s largest steel plant — but quiet compared to
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