Steel Production: News

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Ukraine is looking for workers while millions of women remain outside the labor market

In the fifth year of resistance to Russia's full-scale aggression, labor shortage has become the main challenge for Ukrainian businesses. Mobilization on the one hand and emigration on the other have reduced the labor force by millions. It's not difficult to imagine the consequences: labor shortages increase salaries and, therefore, producers' costs. They also limit firms' production capacity and their ability to export. At the macroeconomic level, a shortage of workers leads to slower economic

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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