All articles tagged with #metinvest
Russian ballistic missile strikes have knocked out Ukraine’s last three major steel mills in Zaporizhzhia and Dnipropetrovsk, shutting down about 90% of the country’s steel output, killing 17 workers and leaving repair timelines uncertain while threatening tens of thousands of jobs and the economy.
Ukrainian steelworks company, Metinvest, has been producing remarkably realistic decoy weapons, including replicas of American and European killing technology, to save Ukrainian lives and trick Russian forces into wasting expensive drones, shells, and missiles. These decoys, made from a combination of cheap plywood and metal, are designed to look worthy of attack without the hefty price tag. The company's goal is to have the decoys destroyed quickly, forcing the Russians to spend money on destroying them. The success of each decoy is measured by how long it survives in the field, with the company constantly improving and expanding its catalog of fake weaponry.
The ongoing war in Ukraine has severely impacted the country's metal industry, which accounted for a third of its exports before the conflict. The Zaporizhstal steel plant, located less than 50 kilometers from the front line, has been running below full capacity due to power outages, blocked Black Sea ports, and limited raw materials and sales. The industry has suffered a 65% reduction in production, and a third of its capacity has been destroyed. The economic output shrank by about a third in 2022, and the economy ministry forecasts growth of only 1% this year.