Ukrainian Metallurgy Is Losing Out: How Subsidies from China, Turkey, and the EU Are Undermining the Industry's Competitiveness
Ukrainian metallurgy is losing competitiveness: with electricity priced at 126 euros/MWh, Chinese plants operate at 30 euros, while Turkish producers process Russian slabs at a $100/t discount. Amid the port blockade and rising rail tariffs, the largest plants are halting production.
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