Ukraine will require significant amounts of steel for reconstruction and searches for ways to address the deficit.

After the war, Ukraine will have a substantial demand for steel to rebuild its infrastructure and housing, while the market will encounter challenges – competition from foreign suppliers, the necessity to attract investment, and the need to restore production, according to comments on the issue from mining and metallurgical group Metinvest.

Consequently, the potential for Ukraine’s post-war steel consumption could reach 300-600 kilograms per capita, depending on the speed of infrastructure and housing restoration. In addition to the construction sector, the automotive industry, along with machinery and equipment production, will remain vital economic sectors that are reliant upon steel supplies.

The key factors in attracting investment are stability and security guarantees. To meet reconstruction needs, it is essential to either increase the capacity of existing plants or expand production by acquiring enterprises in the European market.

However, a significant issue is competition with imported steel products from the EU and China. Steel imports from Turkey, which source metal products from Russia, have also risen. This poses a risk of Russian metal entering Ukraine after processing in Turkey.