Business news from Ukraine

Business news from Ukraine

Rolled steel production in Ukraine up 6.3% over two months

10 March , 2025  

Ukrainian steelmakers increased production of rolled steel in January-February this year by 6.3% year-on-year, up to 957 thousand tons from 900 thousand tons, according to preliminary data.

According to Ukrmetallurgprom on Saturday, steel production during this period increased by 9.9% to 1.183 million tons, and pig iron production by 8.4% to 1.139 million tons.

In February, the company produced 476.9 thousand tons of rolled products, 571.8 thousand tons of steel, and 544.4 thousand tons of pig iron, compared to 480.2 thousand tons of rolled products, 610.8 thousand tons of steel, and 594.8 thousand tons of pig iron in the previous month.

As reported, in 2024, Ukraine increased production of rolled steel by 15.8% year-on-year to 6.222 million tons from 5.372 million tons. During this period, steel production increased by 21.6% to 7.575 million tons, and pig iron production by 18.1% to 7.090 million tons.

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, the country 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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