‘If nothing is done, it’s almost inevitable’: Ukraine’s Yuriy Ryzhenkov on why steelmaking is on the brink of collapse as Russian bombing intensifies
Amid the flames and destruction, CEO of Metinvest says that this period of the war is as tough as anything the company has seen since Russia’s full-scale invasion of Ukraine more than four years ago.
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# Investment Summary Metinvest's CEO Yuriy Ryzhenkov warns that Ukraine's steelmaking industry faces near-inevitable collapse without immediate intervention, as intensified Russian bombing campaigns create unprecedented operational challenges since Russia's 2022 full-scale invasion. The warning signals significant risk to global steel supply chains and threatens the viability of Ukraine's largest steel producer, which has already endured substantial wartime losses over the past four years.
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