Steel Production: News
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Wednesday, October 21
Denmark guarantees $113 million loan for Ukrainian defense company Fire Point
The guarantee highlights Denmark’s role in helping Ukraine expand defense production beyond its borders as Russian attacks threaten domestic manufacturing and supply chains.
Shares in one of Ukraine’s biggest farm companies fall to a two-year low
Trading in the company's stock was suspended on the Warsaw Stock Exchange on Oct. 20 after the price dropped 19.14% in a single day.
Russian Su-30 fighter jet crashes in Kaliningrad Oblast during training exercises, Moscow says
The Russian Defense Ministry said the crew was ejected and evacuated by a ground search-and-rescue team, without disclosing whether they were injured.
Kremlin 'ready' to resume trilateral peace talks with US, Ukraine, Putin claims
During their meeting, Putin and Witkoff discussed a "specific framework" by which the trilateral talks could take place in mid-November, according to Russian state media.
Witkoff lauds Putin as 'humanitarian' as Russia releases US prisoner Stephen Hubbard
Russian leader Vladimir Putin announced the release of Hubbard during his meeting with U.S. envoy Steve Witkoff.
The net gun built for civilians in Ukraine’s kill zone
At a training with the Ukrainian National Guard’s Omega unit, engineers from the defense tech company BlueBird Tech describe how to use their net gun, named Chipa, to entangle an approaching drone’s propellers. The soldiers rehearse encounters with approaching first-person-view (FPV) drones, monitoring a handheld detector as they walk. Once they spot a drone, one soldier who goes by the callsign Poliak (Ukrainian for "Pole"), pulls the safety pin and takes aim with the net gun, while the others
About Steel production
Ukraine was the world's 13th-largest steel producer before Russia's full-scale invasion, with an annual output of approximately 21 million tons. The sector previously employed 280,000 workers and generated 12% of Ukraine's GDP. Russian attacks on metallurgical facilities have reduced steel production by over 70% since February 2022. Major plants, such as Azovstal in Mariupol, remain under Russian occupation. Others have ceased operations due to energy shortages and damaged infrastructure.
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"Russia, frankly, has been fine on Ukraine. They haven't been doing much," Trump said, hours after a Russian drone strike in a public park killed six people, including two children.
