🇺🇦🇷🇺 Russia has systematically knocked out all three remaining large steelworks in Ukraine, gutting the industrial backbone of the country.
These plants generated 90% of remaining output and employed over 15,000 workers.
Annual output had already plummeted from 21 million tons prewar to 7.4 million in 2025. August production crashed 57% year on year.
September is set to drop even harder.
An industry that sustained 5.5% of national GDP and generated over $6 billion in export earnings has effectively ceased to exist.
Source: FT / Writer: Bri