Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES ROLLED STEEL OUTPUT BY 1% BUT CUTS STEEL OUTPUT BY 1.4% IN JAN-APR

6 May , 2018  

Ukrainian metal and mining enterprises in January-April 2018 boosted rolled steel output by 1% year-over-year, to 6.072 million tonnes. According to the Ukrmetalurgprom association, if the production figures are compared, taking into account two months of operation of the enterprises in 2017 in the government uncontrolled areas (before losing control over them), steel smelting fell by 1.4%, to 6.913 million tonnes, and cast iron output grew by 8.9%, to 6.885 million tonnes.
If the production figures of enterprises in the government uncontrolled areas are not taken into account, rolled steel output grew by 8%, steel – by 5% and cast iron – by 18%.
In April 2018, Ukrainian metal companies produced 1.639 million tonnes of cast iron (98% to the previous month), 1.687 million tonnes of steep (99%) and 1.479 million tonnes of rolled steel (98%).
“A slight reduction in production of the key types of products in April compared with the previous month is linked to repair works at some facilities,” the association said.

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