Russia's Advance Threatens to Cripple Ukraine's Steel Industry

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 11 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 68%

Russia-Ukraine War News

Ukrainian Coal Mine,Steel Industry,Metinvest

Russia's impending capture of a crucial Ukrainian coal mine could cripple the nation's steel industry and accelerate Western acceptance of a negotiated end to the war.

In what promises to be a major milestone in more than two-and-a-half years of war, Russia is closing in on the capture of a vital industrial asset a Ukrainian coal mine that's a cornerstone of the country's steel industry. Owned by Ukrainian firm Metinvest, the modern facility -- opened in 1990 -- is Ukraine's largest mine for producing coking-coal, a specific grade used to fuel blast furnaces.

At that time, Ukraine ranked 14th in global steel production; by last year, it had fallen to 24th place. This year, Metinvest expected to unearth 5.3 million metric tons of coal in the mine near Pokrovsk.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in CA

Canada Canada Latest News, Canada Canada Headlines