Ukraine's Pivdennyi GOK halts iron ore operations due to logistic disruptions

Ukraine's iron ore producer Pivdennyi GOK has temporarily suspended iron ore mining and has scaled back production, citing maritime logistics disruptions in the Black Sea caused by Russian attacks on civilian merchant vessels, according to the company's latest press release.

Pivdennyi GOK has been operating under pressure since Russia launched its full-scale invasion of Ukraine in 2022, facing challenges that include missile attacks, unstable electricity supplies, surging logistics costs, and the introduction of the EU's Carbon Border Adjustment Mechanism (CBAM), the company observed. Security conditions for shipping via Black Sea