Steel Production: News

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Trump signs sweeping Russia sanctions bill into law

Among its provisions, the law requires the president to impose tariffs of up to 100% on goods from countries that continue buying Russian crude oil or natural gas and were among the five largest importers of Russian energy by volume over the previous 12 months.

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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