Business news from Ukraine

Ukraine increases rolled steel output by 28% and steel production by one third

9 August , 2024  

In January-July this year, Ukrainian steelmakers increased production of total rolled products by 28.4% year-on-year to 3.728 million tons from 2.903 million tons, according to preliminary data.
According to Ukrmetallurgprom, steel production increased by 33.6% to 4.583 million tons and pig iron by 21.2% to 4.089 million tons in the period. In July, the company produced 588.6 thousand tons of rolled products, 708.9 thousand tons of steel, and 621.4 thousand tons of pig iron, compared to 571.5 thousand tons of rolled products, 734.7 thousand tons of steel, and 628.6 thousand tons of pig iron in the previous month.
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%).

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