In Ukraine, economic activity in the coal and metallurgical industries slowed down.

As reported by the NBU, in December 2024 a slowdown in economic activity was observed in several sectors, primarily the coal and metallurgical industries. At the same time, investments in gas and oil production supported industrial interests, and seasonal holiday sales supported trade and specific service sectors.

Metallurgical production decreased against the backdrop of a worsening energy supply situation and the partial suspension of coking coal production capacity at one of the largest coal enterprises.

The NBU notes that gas production enterprises launched new capacities, while investments in oil production increased, and brisk demand for fertilizers supported chemical industry enterprises.

Also, the Ukrainian Danube Shipping Company (UDP) shipped the first 10,000 tons of iron ore to Serbia this year under a new contract, which is 30% larger than last year. UDP customers have responded positively to the company’s modernized fleet, which will guarantee adherence to delivery schedules and reduce carbon emissions.