Business news from Ukraine

Ukrainian steelmakers reduce steel production 6.5 times

23 February , 2023  

Metallurgical enterprises in Ukraine in January this year reduced steel production 6.5 times compared to the same period in 2022 – to 284 thousand tons from 1.851 in January-2022, but increased smelting compared to December-2022, when 106 thousand tons were smelted.
As a result, Ukraine took 34th place in the ranking of 64 major global producers of these products, compiled by the Worldsteel Association (Worldsteel), while in December it was 38th.
According to Worldsteel, in January-2023 there was a decline in steelmaking against January-2022 in most of the top ten countries, except China and Iran.
The top ten steel-producing countries in January are as follows: China (79.450 million tons, up 2.3% over January-2022), India (10.930 million tons, down 0.2%), Japan (7.222 million tons, down 6.9%), USA (6.497 million tons, down 6.8%), Russia (5.750 million tons, down 8.9%), South Korea (5.477 million tons, minus 9.8%), Germany (2.925 million tons, minus 10.2%), Brazil (2.783 million tons, minus 4.9%), Iran (2.7 million tons, up 27.7%) and Turkey (2.605 million tons, down 17.6%).
Overall, global steelmaking fell 3.3% to 145.252 million tons in January 2023 from the same period in 2022, compared to a 10.8% decline in December 2022, with an absolute figure of 140.695 million tons.
The country produced 313 thousand tons of steel in November 2022, 318 thousand tons in October, 340 thousand tons in September, 366 thousand tons in August, 281 thousand tons in July, 295 thousand tons in June, 308 thousand tons in May, 281 thousand tons in April, 200 thousand tons in March, 1.374 million tons in February and 1.851 million tons in January.
As reported, metallurgical enterprises in Ukraine reduced steel production in December last year by 16.4 times, or 93.9%, compared to the same period in 2021 – up to 106 thousand tons.
For the 12 months of 2022, the top ten steel producing countries were as follows: China (1.013 billion tons, down 2.1%), India (124.720 million tons, up 5.5%), Japan (89.235 million tons, down 7.4%), USA (80.715 million tons, “minus” 5.9%), Russia (71.5 million tons, down 7.2%), South Korea (65.865 mt, minus 6.5%), Germany (36.849 mt, minus 8.4%), Turkey (35.134 mt, down 12.9%), Brazil (33.972 mt, down 5.8%) and Iran (30.593 mt, up 8%).
Ukraine in 12 months of 2022 was in 23rd place with the melting of 6.263 million tons of steel (“minus” 70.7%).
In total, 64 countries produced 1 billion 831.467 million tons of steel in 2022, which is 4.3% less than in 2021.

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