Ukraine's steel furnaces halted for the first time in 100 years
Ukraine
30 Sep 2026
06:46

Ukraine

Ukraine's steel furnaces halted for the first time in 100 years

Steel furnaces in Ukraine have stopped for the first time in 100 years, wrote former press secretary of Zelenskyy, Yulia Mendel, on X. Major plants are idle, and furnaces are damaged. Restarting one furnace costs no less than $50 million, while building a new one costs about $500 million. According to her, steel exports are already causing losses of $200 million per month.

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