Науковий вісник НГУ

Foreign economic activities of Ukrainian ferrous metallurgy enterprises in the conditions of crisis

• 
• 

User Rating:  / 0

PoorBest 

Details

Category: Content №1 2025

Last Updated on 25 February 2025

Published on 30 November -0001

Hits: 62

Authors:

G.Duginets*, orcid.org/0000-0003-3708-3666, State University of Trade and Economics, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

T.Busarieva, orcid.org/0000-0003-3863-4511, State University of Trade and Economics, Kyiv, Ukraine, e-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Iu.Samoilyk, orcid.org/0000-0003-1335-2331, Poltava State Agrarian University, Poltava, Ukraine; Caritas Ukraine ICF, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

O.Batrak, orcid.org/0000-0003-1386-4169, Kyiv National University of Technologies and Design, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

V.Dengub, orcid.org/0009-0008-0253-9065, Odesa National Economic University, Odesa, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

* Corresponding author e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

повний текст / full article

Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2025, (1): 164 - 171

https://doi.org/10.33271/nvngu/2025-1/164

Abstract:

Purpose. To investigate the directions of the impact of war and the state of global demand for ferrous metals on the stability of the export positions of Ukrainian metal producers in foreign markets. The objectives are: to identify the factors of direct and indirect impact of the war on the foreign economic activity of Ukrainian ferrous metallurgy enterprises; to propose areas for expanding the foreign economic opportunities of Ukrainian metal producers and ways to make their presence in the markets of other countries sustainable.

Methodology. The study used: the content analysis method for evaluating and comparing the data from external sources of information; the analysis and synthesis method – to identify the indirect impact of the war on the export capabilities of steel producers and instability of their positions in foreign markets; the induction and deduction method - to identify the influence of uncertainty as a consequence of the multiplicative action of dynamic negative factors, in particular, in reducing the relevance of medium- and long-term planning.

Findings. The loss of positions by metallurgical enterprises in foreign markets, the acquisition of an unstable nature of the presence of Ukrainian producers in these markets is proven. It is substantiated that the effects of war and the global market contribute to the strengthening of the role of transnational corporations in the export capacity of the Ukrainian metallurgical industry, and the significant differentiation of the effects of war on producers strengthens their intra-industry competition. Therefore, it is proposed to consider challenges not only as a threat, but as an opportunity to gain a competitive advantage in foreign markets. It is indicated that this increases the importance of flexibility of management and production in war conditions.

Originality. It is substantiated that the uncertainty of the impacts of war becomes a factor that limits the relevance of forecasts and long-term planning of export activities, which increases the importance of operational planning and the need to prepare variable scenarios of management actions.

Practical value. The developed proposals will allow expanding the export opportunities of Ukrainian metal producers and ensuring the sustainability of their presence in foreign markets.

Keywords: foreign economic activity, metallurgical enterprises, the impact of war on export capacity, transnational corporations

References.

1. Hrybinenko, O., & Shahoian, S. (2020). Development of the export potential of Ukraine in the context of innovations of the international mining and metallurgical companies. Economy and Region, 1(76), 38-51. https://doi.org/10.26906/EiR.2020.1(76).1916.

2. Nikiforova, V. (2018). World steel industry: current challenges and development trends (analytical overview). Industrial Economics, 1(81), 86-114. https://doi.org/10.15407/econindustry2018.01.086.

3. Mushnykova, S. A. (2019). Current state and prospects for the development of metallurgical enterprises of Ukraine. Bulletin of Transport and Industry Economics, 68, 273-279. https://doi.org/10.18664/338.47:338.45.v0i68.189030.

4. Levchuk, K., & Romanyuk, R. (2018). Strategy of economic governance of metallurgical enterprise via innovative approaches. Publishing House “Baltija Publishing”, 2(16), 302-325. https://doi.org/10.30525/978-9934-571-28-2_16.

5. Zos-Kior, M., Kuksa, I., Samoilyk, Iu., & Storoška, M. (2017). Methodology for assessing globalisation development of countries. Economic Annals-XXI, 168(11-12), 4-8. https://doi.org/10.21003/ea.V168-01.

6. Duginets, A., Shvydanenko, O., Busarieva, T., Balanovska, Т., & Gogulya, O. (2023). Specific modern features of the transformation of the knowledge component of TNC. Financial and Credit Activity Problems of Theory and Practice, 2(49), 384-397. https://doi.org/10.55643/fcaptp.2.49.2023.4017.

7. Kuts, G. O., & Teslenko, O. I. (2021). Forecast assessment of the full technological energy intensity of Ukrainian ferrous metallurgy products according to production schemes until 2040. System Research in Energy, 2(65), 44-52. https://doi.org/10.15407/pge2021.02.044.

8. Sepeta, V. V. (2019). Analysis of modern condition and development tendencies of the metallurgical industry of Ukraine in the conditions of instability. Economic Bulletin of the SHEI of the Ukrainian State Technical University, 2(10), 88-94. https://doi.org/10.32434/2415-3974-2019-10-2-88-94.

9. Smolinska, N., & Ravok, S. (2023). Analysis of the state of the metallurgical industry of Ukraine in the conditions of war. Bulletin of Khmelnytskyi National University, 2, 235-240. https://doi.org/10.31891/2307-5740-2023-316-2-38.

10. Dvulit, P., & Andrusiak, K. A. (2023). Challenges of the metallurgical industry of Ukraine in the current conditions. Management and entrepreneurship in Ukraine: stages of formation and development problems, 1(9), 265-272.

11. Liahovska, O. (2023). Features of the largest enterprises of the metallurgical industry of Ukraine during the war. Economy and society, 47. https://doi.org/10.32782/2524-0072/2023-47-86.

12. Dnipropetrovsk Investment Agency (2024). Steel production in Ukraine increased by 20 % in 2023. Retrieved from https://dia.dp.gov.ua/spozhivannya-stali-v-ukra%D1%97ni-zroslo-na-20-u-2023-roci.

13. Borovyk, S. S., Kravchenko, O. A., & Steba, A. A. (2023). Problems and prospects of the development of the export freight flow of ferro-alloys from Ukraine by marine transport. Scientific notes of the Tavriya National University named after V. I. Vernadskiy Series: Technical Sciences, 4(73/6), 215-219. https://doi.org/10.32782/2663-5941/2023.6/31.

14. Osipova, L. (2022). Dynamics of Ukraine’s export in the conditions of a full-scale war: problems and possible ways of their elimination in the context of European integration. Bulletin of Khmelnytskyi National University, 6(2), 50-54. https://doi.org/10.31891/2307-5740-2022-312-6(2)-9.

15. Bugrim, O. Yu., & Kolesnik, E. O. (2020). Analysis of competitiveness of enterprises in the scale of the metallurgical industry of Ukraine. Economic Bulletin of the SHEI of the Ukrainian State Technical University, 1(11), 120-127. https://doi.org/10.32434/2415-3974-2020-11-1-120-127.

16. Hordieieva-Herasymova, L., & Krainiak, A. (2022). Functioning of enterprises in the metallurgical industry of Ukraine: current challenges and activity trends. Economy and society, 44. https://doi.org/10.32782/2524-0072/2022-44-40.

17. State Statistics Service of Ukraine (2024). Value of output, value added of enterprises by types of economic activity with a breakdown by turnover in 2017−2023. Retrieved from https://www.ukrstat.gov.ua.

18. Ukrmetallurgprom (2024). Results of the metallurgical industry of Ukraine for 11 months of 2024. Retrieved from https://www.ukrmetprom.org/rezultati-diyalnosti-metalurgiynoi-49.

19. Ministry of Digital Transformation of Ukraine (2024). Dashboard on exports and imports of Ukrainian goods. Retrieved from https://business.diia.gov.ua/analytics/dashboard/dashbord_shchodo_eksportu_ta_importu_tovariv.

20. Euroferr (2024). Economic and steel market outlook 2024‒2025. Retrieved from https://www.eurofer.eu/publications/economic-market-outlook/economic-and-steel-market-outlook-2024-2025-first-quarter.

21. World Steel Association AISBL (2024). World-steel-in-figures. Retrieved from https://worldsteel.org/data/world-steel-in-figures-2024.

22. Eurostat (2024). Main EU trade partners for iron and steel. Retrieved from https://ec.europa.eu/eurostat/statistics-explained/index.php?title=File:Main_EU_trade_partners_for_iron_and_steel_(SITC_67).png.

23. Buhaichuk, V., Kryvulskyi, Y., & Hliuza, K. (2023). Formation of the strategy for the development of the enterprise in the conditions of war. Economy and society, 56. https://doi.org/10.32782/2524-0072/2023-56-81.

24. Saliy, Y., & Saliy, O. (2023). Changes in the foreign economic activities of Ukraine in the conditions of war. Journal of Strategic Economic Research, 3(14), 58-71. https://doi.org/10.30857/2786-5398.2023.3.6.

25. International Trade Administration (2024). U.S. Steel Import Monitor. Retrieved from https://www.trade.gov/data-visualization/us-steel-import-monitor.

26. Kotenko, S., Ilchenko, S., Kasianova, V., Diakov, V., Mashkantseva, S., & Nitsenko, V. (2022). Determination of the Expected Value of Losses Caused by the Cargo Transportation Insurance Risks by Water Transport. Inventions, 7(3), 81. https://doi.org/10.3390/inventions7030081.

• < Prev