Metinvest, Ukraine's largest steelmaker, said on Saturday it "won't operate under Russian occupation," saying more than a third of Ukraine's steelmaking capacity was shut down in the attack on the southeastern port city of Mariupol.
Iron ore production in Ukraine has more than halved since Russia invaded the country on Feb. 24. The move showed the impact of the Russo-Ukrainian war on the steel industry. But Russia is also preparing a new offensive in eastern Ukraine, where much of Ukraine's steel and coal production is concentrated.
Metinvest owns the Ilyich and Azovstal metallurgical plants in Mariupol. The company said the factories were damaged and it is currently not possible to take stock of the damage and assess the extent of the damage.
Metinvest: steel production capacity has fallen, production will resume after the war
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