Business news from Ukraine

Business news from Ukraine

UKRAINE IS ON 13TH PLACE IN WORLDSTEEL RATING IN 2020

30 March , 2020  

Ukraine in February 2020 increased production of steel by 1.2% compared to the same period in 2019, to 1.709 million tonnes, falling from the 12th to 13th place, but retaining the 12th position according to the results of two months of this year in the ranking of 64 countries, the main global manufacturers of these products, compiled by the World Steel Association (Worldsteel).
In February 2020 from February 2019, an increase in steel production was recorded in most countries of the top ten, except for Russia, Germany and Brazil.
The top ten steel producing countries according to the results of February is as follows: China (74.773 million tonnes, an increase of 5%), India (9.560 million tonnes, an increase of 1.5%), Japan (7.916 million tonnes, an increase of 2.2%), the United States (7.168 million tonnes, an increase of 3%), the Russian Federation (5.615 million tons, a drop of 2.3%), South Korea (5.380 million tonnes, an increase of 2.1%), Germany (2.920 million tonnes, a decrease of 12%), Turkey (2.851 million tonnes, an increase of 8.2%), Iran (2.710 million tonnes, an increase of 34.3%), and Brazil (2.704 million tonnes, a decrease of 1.3%).
They are followed by Italy (2.046 million tonnes, an increase of 0.1%), Vietnam (1.780 million tonnes, an increase of 24.4%), Ukraine (1.709 million tonnes, an increase of 1.2%), Taiwan (1.590 million tonnes, a decrease of 5.5%), and Mexico (1.340 million tonnes, a decline of 19.3%).
In February 2020, some 64 countries produced 142.396 million tonnes of steel, which is 2.1% more than in February 2019.