Ukraine’s steel industry is under pressure as imports, particularly from Turkey, continue to rise. Turkish steel now accounts for over 50% of Ukraine’s imports, with projections indicating it could exceed 60% by the end of 2025.
The surge in imports is attributed to the loss of domestic production capacity due to ongoing conflict and the competitive pricing of Turkish steel products. Industry experts warn that without protective measures, Ukraine’s steel sector could face significant challenges.
Stakeholders are calling for government intervention, including the implementation of trade defense mechanisms and policies to support domestic producers. Ensuring the resilience of Ukraine’s steel industry is deemed crucial for economic stability and national security.
Vietnam Steel by Hoa Sen Group
