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

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Category: Content №1 2025

Last Updated on 25 February 2025

Published on 30 November -0001

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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

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