In 2024, Ukraine increased its apparent steel use by 5.9% compared to 2023, from 3.4 million tons to 3.6 million tons. Per capita consumption was 95 kg (compared to 93.4 kg in 2023). This is significantly lower than the global average of 214.7 kg per capita.
According to Worldsteel, Ukraine produced 7.6 million tons of steel in 2024 (6.2 million tons in 2023), ranking 22nd in the world. Despite the growth, Ukrainian companies did not make it into the list of the world’s 50 largest steel producers, whereas in 2014–2021, the Metinvest Group was present in it.
The world leaders in steel production in 2024 remained China Baowu Group (130.09 million tons), ArcelorMittal (65 million tons), Ansteel Group (59.55 million tons), Nippon Steel (43.64 million tons), and HBIS Group (42.28 million tons).
