ANALYSIS OF THE CURRENT STATE OF THE METALLURGICAL INDUSTRY OF UKRAINE

Abstract

The article is devoted to the problems of the development of the metallurgical industry in today's unstable conditions. The relevance of the research is determined by the need to solve the problems of development and effective functioning of metallurgy in the long term, taking into account the growing uncertainty in modern conditions. The dynamics of the development of metallurgy were analyzed according to the main econometric indicators (the volume of production of the main types of metal products, the volume of exports, the share in the formation of GDP) using the methods of statistical analysis. The relationship between the dynamics of economic indicators of metallurgical production and the impact of global economic and political factors, in particular military operations and the COVID-19 pandemic, on this industry is comprehensively assessed. Special attention is paid to the assessment of the role of metallurgy in the formation of the national GDP, using the correlation coefficient to determine the level of dependence of the economy on the industry. The patterns and factors identified in the study allow not only a deeper understanding of current trends, but also the formulation of reasonable recommendations to support the sustainable development of the metallurgical sector in Ukraine, which is a significant contribution to the scientific base on the economic stability of industry in crisis conditions. It has been established that the dynamics of the industry's development over the past two decades is uneven due to the influence of global economic crises, internal political instability, as well as military actions in the east of Ukraine, which especially intensified in 2022. The main trends in the development of the industry and the reasons for the negative dynamics have been determined. An attempt is made to outline the directions, to identify ways and tools for the recovery, stabilization and development of the metallurgical industry of Ukraine in today's conditions. The results of the study also demonstrate the need for comprehensive approaches to the management of the industry, including investments in modernization, development of new technologies and diversification of sales markets.