Business news from Ukraine

Business news from Ukraine

In first half of year, company increased its rolled products output by 32% and steel production by 37%

8 July , 2024  

In January-June this year, Ukrainian steelmakers increased production of total rolled products by 32.2% year-on-year, up to 3.140 million tons from 2.374 million tons, according to preliminary data. According to Ukrmetallurgprom’s information released on Monday evening, steel production increased by 37% in January-June 2023 to 3.874 million tons, while pig iron production increased by 22.3% to 3.467 million tons.

As reported, in 2023, Ukraine increased production of total rolled products by 0.4% compared to 2022 to 5.372 million tons, but reduced steel production by 0.6% to 6.228 million tons and pig iron by 6.1% to 6.003 million tons.

In 2022, Ukraine reduced production of total rolled products by 72% compared to 2021, 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.

In 2021, the company produced 21.165 million tons of pig iron (103.6% compared to 2020), 21.366 million tons of steel (103.6%), and 19.079 million tons of rolled products (103.5%).