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Employee shows processed iron ore at a plant in Kryvyi Rih, Ukraine, on April 14, 2026.
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Ukraine's steel industry is nearing collapse — and calling for help from abroad

by Dominic Culverwell

Ukraine’s largest steel company, ArcelorMittal Kryvyi Rih, said on Sept. 25 that it cannot restart steel production amid a surge in Russian strikes on factories, as the embattled sector calls for more domestic and international support to prevent its total collapse. Since the summer, Moscow has launched a widespread campaign of attacks on Ukraine’s economy to shut down key industrial centers. The metallurgy sector, which contributed 7% of Ukraine’s  gross domestic product (GDP) last year and em

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Russia's strike near Poland put Ukraine's railway lifeline in focus. But the bigger threat lies elsewhere

On Sept. 13, a Russian drone struck the locomotive of a Kyiv–Warsaw passenger train just 2 kilometers from the Polish border. The attack near Yahodyn caused no casualties, but it drew attention to one of Ukraine's most important links to the outside world amid the pressures of Russia's war — the railway. Ukrainian state railway company Ukrzaliznytsia said its monitoring team detected the threat early enough to evacuate the crew before the strike on the locomotive. Russia has targeted Ukraine's

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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