Europe’s Largest Steel Plant Has Been Destroyed
It has been reported in the news that the largest steel production plant in Europe has been destroyed in the ongoing conflict in the Ukraine. The economic losses for Ukraine are huge along with the surrounding environment. The complete supply chain for steel and iron based products will be impacted significantly as a direct result of the potential loss of production. Azovstal iron and steel works include coke production, sinter plant, blast furnace plant consisting of six blast furnaces, steel-making complex in the converter and open-hearth shop, a mill complex in the plate shop, rail and shops and offices included in a large variety of rail and shops bonds.
The steel industry plays a key role for industry in Europe. The sector employs around 300,000 people and has a major impact on the economy. Steel is the raw material in so many other industries, for example construction and automotive, white goods, and electronics. Each job in steel generates an additional eight jobs. The EU is the world’s second largest steel producer after China. The bloc produces about 170 million tons of crude steel a year in more than 500 plants spread across member states. The European steel industry is still a world leader in high-quality specialised products. The loss of this facility is a major blow for our industry and we will be doing all we can to support it.
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