Business news from Ukraine

Business news from Ukraine

Ukraine Reduced Steel Production by 12.5% in January–August

9 September , 2026  

Ukrainian steelmakers reduced steel production by 12.5% in January–August of this year compared to the same period last year, down to 4.3 million metric tons.

According to data from the “Ukrmetallurgprom” association, 277,000 metric tons of steel were produced in August, 457,000 metric tons in July, 690,800 metric tons in June, 629,400 metric tons in May, in April—517,300 metric tons, in March—702,300 metric tons, in February—515,000 metric tons, and in January—511,100 metric tons.

In 2025, Ukraine’s steel companies reduced steel production by 2.2% compared to 2024—to 7.409 million metric tons.

In 2024, Ukraine increased steel production by 21.6% compared to 2023—to 7.575 million metric tons. In 2023, steel production fell by 0.6% to 6.228 million metric tons, and in 2022, it fell by 70.7% to 6.263 million metric tons.

In 2021, before the war, 21.366 million metric tons of steel were produced, or 103.6% of the 2020 level.

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