Ukrainian steelmakers reduced steel production by 0.9% y-o-y in November to 541 thousand tons from 546 thousand tons and by 10.4% y-o-y to 604 thousand tons in the previous month.
At the same time, Ukraine was ranked 24th among 71 countries in the ranking of global producers of these products by the World Steel Association (Worldsteel).
In 11 months of 2024, Ukraine produced 7.028 million tons of steel, up 23.1% from January-November 2023. The country is ranked 20th in the first 11 months of 2014.
At the same time, Ukraine produced 6.228 million tons of steel in 2023, which is 0.6% lower than in 2022. The country was ranked 22nd in 2023.
In 2022, Ukraine ranked 23rd with 6.263 million tons of steel produced (-70.7%).
Ukraine has received $1.1 billion from the IMF, Prime Minister Denys Shmyhal said.
“This is the sixth tranche under a joint program under the EFF Extended Fund Facility,” Shmyhal wrote on his Telegram channel.
According to him, the funds have already been transferred to Ukrainian accounts and will be used to finance critical budget expenditures.
The Prime Minister said that Ukraine has already received $9.8 billion from the IMF under this program.
In January-November 2024, Ukraine increased imports of aluminum and aluminum products by 22.29% to $409.063 million, while exports increased by 30% to $115.982 million.
In November, aluminum imports amounted to $32.794 million, while exports amounted to $10.423 million.
In addition, in 2023, Ukraine increased imports of aluminum and aluminum products by 7.7% to $366.463 million.
In 2023, exports of aluminum and aluminum products increased by 0.7% compared to 2022, to $97.616 million.
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.
“Naftogaz has put into operation a new exploration well with a daily flow rate of 150 thousand cubic meters of gas, the group’s press service reports.
According to it, the well depth is 5400 meters. Construction of a site for the next exploration well has also begun at the field.
“Increasing gas production is of strategic importance for the energy security of our country in times of war. I thank my colleagues for their consistent and effective work in this direction,” said Roman Chumak, acting CEO of Naftogaz.
As reported, Naftogaz Group companies Ukrgasvydobuvannya and Ukrnafta produced more than 13.5 bcm of natural gas in January-November 2024.
In January-November this year, Ukrainian companies increased imports of copper and copper products in value terms by 6.1% year-on-year to $127.286 million.
According to customs statistics released by the State Customs Service of Ukraine on Monday, exports of copper and copper products increased by 24.5% to $81.110 million over the period under review.
In November, Ukraine imported copper worth $11.033 million and exported it worth $8.129 million.
As reported, in 2023, Ukraine increased imports of copper and copper products by 2.2 times compared to 2022 – up to $140.795 million, while exports decreased by 20.1% to $72.078 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
