Currently, the metallurgical industry remains the base industry for the economy of Ukraine, its modernization and the elimination of structural deformations are important prerequisites for ensuring the economic security of the state and economic growth. However, in Ukraine for a long period stable negative trends in the functioning of the industry persisted, which deepened against the background of the deteriorating socio-economic situation in the eastern regions of Ukraine. Given the persistence of foreign economic conditions unfavorable to increase of exports of Ukrainian metallurgical products, the prospects for the development of the metallurgical industry of Ukraine are largely related to the expansion of the domestic market by reorienting metallurgical enterprises to meet domestic needs, as well as reducing the dependence on changes of the conjuncture in world markets. In the current conditions, the issue of the need for large-scale structural reforms in the industrial sector of Ukraine has emerged again. Their absence jeopardizes the further competitiveness of the national economy not only in external but also in internal markets. Reforms must be preceded by a thorough analysis of existing problems, which will help to identify their source and simplify the search for solutions. One stage of such an analysis is to assess the current state of industrial enterprises and the trends of their development. The article analyzes the current state and the characteristics of the domestic metallurgical industry in conditions of instability. The competitiveness of the metallurgical complex of Ukraine and the problems facing the industry on the world market are considered. The financial performance of the Ukrainian metallurgical enterprises and ways to achieve their sustainable development are investigated. The analysis shows the significant problems accumulated in the metallurgical sector of Ukraine. To reform the domestic metallurgical industry, it is necessary to create the conditions for efficient use of scientific potential and enhancement of the role of the state in the implementation of the investment-innovative model of development of the industry. Today, the efficiency of investment policy determines the state of production, the level of technical equipment of fixed assets of enterprises. Our country has some of the largest deposits of iron ore, so it is necessary to prevent the decline of the metallurgical industry that can bring Ukraine to a new level of economic development.
V. V. Sepeta (Sun,) studied this question.
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