Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Despite losing a crucial coking coal mine, Ukraine has managed to increase its steel production, demonstrating resilience in its industrial sector. The loss of the mine, a key supplier of coking coal, raised concerns over steel output sustainability. However, domestic mills have adapted by securing alternative raw material sources and optimizing production processes.
Industry experts attribute this growth to strategic imports of coal and efficiency improvements in steelmaking. The Ukrainian government is also reportedly working on long-term supply agreements to stabilize production.
However, analysts warn that prolonged dependency on imported coal could impact profitability and competitiveness in global markets. The coming months will be crucial in determining how Ukraine balances its steel growth with supply chain challenges.
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