Business news from Ukraine

Business news from Ukraine

Ukraine has reduced output of steel products by 40%

10 July , 2023  

Ukrainian metallurgical enterprises in January-June this year reduced production of general rolled products, according to operational data, by 41% compared to the same period last year – up to 2.375 million tons.
According to the Ukrmetallurgprom association on Saturday, steelmaking in the first six months of this year decreased by 37.7% compared to January-June-2022 – to 2.829 million tons.
Iron smelting for this period decreased by 37.5% to 2.836 million tons.
As reported, Ukraine in the first five months of 2023 reduced output of rolled products by 47.8% compared to the same period last year – to 1.982 million tons, steel by 43.7% to 2.392 million tons, pig iron by 43.9% to 2.350 million tons.
Ukraine in 2022 reduced production of total rolled products by 72% year-on-year to 5.350 million tons, steel by 70.7% to 6.263 million tons, and pig iron by 69.8% to 6.391 million tons.
For 2021, 21.165 million tons of pig iron (103.6% by 2020), 21.366 million tons of steel (103.6%), 19.079 million tons of rolled products (103.5%) were produced.