Investments in Ukraine’s mining and metallurgical sector reached 650 million dollars.
The Ukrainian mining and metallurgical complex, despite the wartime difficulties, attracted 650 million dollars in investment, which amounts to almost 20% of the country’s total industrial investments.
According to Hromadske, even in the challenging conditions of the war, Ukraine’s heavy industry retains significant economic value. Investment in the mining and metallurgical sector for 2024 amounted to about 650 million dollars. The share of this sector in Ukraine’s GDP is 7.2%, highlighting its critical role.
Ukraine continues to hold an important place in the global raw materials market. In 2023, it exported 33.7 million tons of iron ore and 1.3 million tons of pig iron. These are significant volumes, given the challenges of the war, such as disrupted logistics and an unstable energy system.
The industry is currently operating at a loss but supports the economy by providing jobs. According to GMK Centre data, one job in metallurgy contributes to the creation of up to five jobs in related fields. Over the past five years, the largest metallurgical enterprises in Ukraine have paid more than 190 billion hryvnias in taxes.
In 2024, they contributed 1.6% of revenues to budgets at all levels. At the same time, enterprises have urged the government to postpone the introduction of carbon tariffs, as the harsh economic situation hinders their modernization.
| Indicator | Volume |
|---|---|
| Investments in the sector (million $) | 650 |
| Share in industrial investments | 20% |
| Share in GDP | 7.2% |
| Iron ore export (million tons) | 33.7 |
| Pig iron export (million tons) | 1.3 |
| Taxes paid (million UAH) | 190 000 |
