The closure of the Greater Odesa seaports has halted Ukrainian iron ore exports, cutting off billions of dollars in annual revenue and threatening the financial stability of the country's steel sector…While agricultural losses from the port blockade are widely documented, the shipping freeze has also crippled Ukrainian steelmakers who rely on maritime routes to export most of their iron ore and finished products…
Viktor Lotous, board chair of the Poltava Mining and Processing Plant – a Ferrexpo subsidiary – announced that the company plans to suspend operations at the facility starting Aug. 3 due to a working capital deficit and the halt of maritime exports.
The Southern Mining and Processing Plant in Kryvyi Rih – a joint venture between Metinvest and other shareholders – also announced a total production halt…
Extraction at Metinvest's Combined Mining and Processing Plant ‘is projected to drop roughly 30% as early as August compared to the 2025 annual average due to these same logistical disruptions.’
https://english.nv.ua/business/port-deadlock-chokes-ukrainian-steelmakers-as-iron-ore-exports-collapse-50629730.html
