With cyclical peaks and troughs, not least being the 2009 economic crisis, the global steel market is a difficult one for the most competitive of metallurgical enterprises. The added weight of surging prices for fuel imported from Russia has made the past seven years extra hard for Ukraine’s massive steel industry.
Yet, while the country’s economy remains heavily dependent on foreign fuel, its steel sector is making headway in its efforts to break a longstanding addiction to once cheap, but now expensive, Russian natural gas.
