Steel Production: News

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Famous Ukrainian dissident writer to feature on new banknote

"He became a symbol of the unbreakable Ukrainian spirit and the embodiment of personal responsibility to the nation, the state, and future generations," National Bank Governor Andriy Pyshnyy said during a press briefing.

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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