In June this year, Ukrainian metallurgical companies reduced steel production by 15.5% compared to the same period last year, from 735,000 tons to 621,000 tons, and by 2.4% compared to the previous month, when 636,000 tons were produced.
In the ranking of global producers of this product compiled by the World Steel Association (Worldsteel), Ukraine ranked 21st among 70 countries.
According to Worldsteel, in June 2025, a decrease in steel production was recorded compared to June 2024 in most of the top ten countries, except for India and the United States.
The top ten steel-producing countries in June were as follows: China – 83.180 million tons (down 9.2% compared to June 2024), India – 13.550 million tons (+13.3%), the US – 6.930 million tons (+4.6%), Japan – 6.718 million tons (-4.4%), Russia – 5.6 million tons (-7.4%), South Korea – 5.043 million tons (-1.8%), Turkey – 2.875 million tons (-3.5%), Brazil – 2.836 million tons (-0.5%), Germany – 2.679 million tons (-15.9%) and Iran – 2.2 million tons (-15.5%).
In total, steel production in June this year decreased by 5.8% compared to the same period last year, to 151.433 million tons.
Based on the results of the first six months of this year, the top ten steel-producing countries are as follows: China – 514.830 million tons (-3% compared to January-June 2024), India – 80.929 million tons (+9.2%), Japan – 40.552 million tons (-5%), the US – 40.242 million tons (+0.8%), Russia – 34.778 million tons (-5.6%), South Korea – 30.628 million tons (-2.8%), Turkey – 18.302 million tons (-1.7%), Germany – 17.109 million tons (-11.6%), Brazil – 16.498 million tons (+0.5%) and Iran – 15.602 million tons (-10.3%).
In the first six months of this year, Ukrainian steel companies reduced steel production by 4.9% compared to the same period last year, to 3.683 million tons from 3.874 million tons, with the country also ranking 21st.
In January-June 2025, global steel production decreased by 2.2% compared to the same period in 2024, to 934.285 million tons.
As reported, at the end of 2024, the top ten steel-producing countries among 71 countries were as follows: China – 1 billion 5.090 million tons (-1.7%), India – 149.587 million tons (+6.3%), Japan – 84.009 million tons (-3.4%), the US – 79.452 million tons (-2.4%), Russia – 70.690 million tons (-7%), South Korea – 63.531 million tons (-4.7%), Germany – 37.234 million tons (+5.2%), Turkey – 36.893 million tons (+9.4%), Brazil – 33.741 million tons (+5.3%) and Iran – 30.952 million tons (+0.8%).
In total, 71 countries produced 1 billion 839.449 million tons of steel last year, which is 0.9% less than in 2023.
At the same time, Ukraine produced 7.575 million tons of steel in 2024, which is 21.6% higher than in 2023 (6.228 million tons). The country ranks 20th in 2024.
In 2023, China produced 1 billion 19.080 million tons (at the previous year’s level), India – 140.171 million tons (+11.8%), Japan – 86.996 million tons (-2.5%), the US – 80.664 million tons (+0.2%), Russia – 75.8 million tons (+5.6%), South Korea – 66.676 million tons (+1.3%), Germany – 35.438 million tons (-3.9%), Turkey – 33.714 million tons (-4%), Brazil – 31.869 million tons (-6.5%) and Iran – 31.139 million tons (+1.8%). In total, 71 countries produced 1 billion 849.734 million tons of steel in 2023, which is 0.1% less than in 2022.
At the same time, Ukraine produced 6.228 million tons of steel in 2023, which is 0.6% less than in 2022. The country ranked 22nd in 2023.
At the end of 2022, the top ten steel-producing countries were as follows: China – 1.013 billion tons (-2.1%), India – 124.720 million tons (+5.5%), Japan – 89.235 million tons (-7.4%), the US – 80.715 million tons (-5.9%), Russia – 71.5 million tons (-7.2%), South Korea – 65.865 million tons (-6.5%), Germany – 36.849 million tons (-8.4%), Turkey – 35.134 million tons (-12.9%), Brazil – 33.972 million tons (-5.8%) and Iran – 30.593 million tons (+8%).
Ukraine ranked 23rd in 2022 with 6.263 million tons of steel (-70.7%).
In total, 64 countries produced 1 billion 831.467 million tons of steel in 2022, which is 4.3% less than in 2021.
Kyiv, July 31, 2025 — The Parkovy Exhibition and Convention Center will host the main professional event of the summer — the III Ukraine Investment Congress and the 15th anniversary All-Ukrainian architectural competition Interior of the Year 2025.
The main goal of the event is to create a space for gathering knowledge, ideas, trends, and practices in the fields of investment, architecture, and urban development. The event is aimed at investors, politicians, builders, developers, representatives of large and medium-sized businesses, banks, international investment programs, architects, designers, urban planners, and analysts.
For each of these audiences, the event is a unique opportunity to:
• see real projects and sources of financing;
• establish contacts with government and private entities;
• find partners for strategic projects;
• obtain first-hand information from leading experts;
• be part of a professional community shaping the future.
The main idea behind this year’s Congress is to systematize and collect key information from the investment, development, architecture, and design sectors, making it available for further study, reflection, and analysis by anyone interested. For three years in a row, we have been creating an open database of materials — from speaker abstracts to photo reports and presentations — that allows everyone to form their own vision of the processes that are transforming the market.
Participants can expect a day of intensive exchange of ideas, real-life case studies, strategic presentations, and lively networking in 12 themed rooms. Speakers expected to attend include:
Igor Guda, founder of Kreator-Bud; Sergey Samusev, conceptualist, visionary in the construction industry, and founder of HutJet; Vitaliy Kindarev, Deputy Minister of Economy of Ukraine; Vitaliy Koval, Minister of Agrarian Policy and Food of Ukraine; Oksana Osmachko, Deputy Minister of Agrarian Policy and Food of Ukraine; Andriy Vavrysh, founder of Saga Development; Boris Goldenstein – CEO of ZEZMAN HOLDING, Rostislav Melnik – CEO of RIEL, Vitaliy Melnyk – Vice President of UDP, Head of Innovative Parks Development, Alexander Lakhionov – Founder and CEO of RITM Group, expert in the development of real estate and investment projects, Mark Kestelboim – CEO of WELL-BEING CONTECH, BUDOVA, Igor Didyk – Co-founder of Dzen Residence and AI Development, Ivan Shchebetun – Founder of the development company Unit Development, Andriy Dligach – Doctor of Economics, Chairman of Advanter Group, Chairman of the Council of the Coalition of Business Communities for the Modernization of Ukraine. Founder of the international business community BOARD.
Main topics of the congress:
INVESTMENT
• Presentation of investment projects for 2025–2026
• New sources of capital for regional construction
• Mechanisms for institutional investor participation
DEVELOPMENT
• New challenges for developers: regulation, market, demand
• Spatial planning for the future
• Transformation of urban infrastructure
ARCHITECTURE
• Interior of the Year 2025 competition: 600+ works by Ukrainian architects
• Live case presentations
• Author sessions from renowned studios and designers
GOVERNMENT AND POLITICS
• Participation of representatives of the Government, the Ministry of Reconstruction, and the State Agency for Investment and National Project Monitoring
• Discussions on investment support tools and the licensing system
CONTENT AND NETWORKING
• 300+ speakers, 60 exhibition stands, 50 panel sessions
• Post-conference materials available to the public: abstracts, presentations, photo reports, post-releases
• Formation of long-term partnerships
“The Congress is a tool for strategic focus. We don’t just organize an event, we create content. Our approach is to gather the most important information from the market, structure it, and give it back to the community in the form of analytical heritage. This is our responsibility and our strength,” comments Igor Parubsky, head of the Ukraine Investment Congress.
The event aims to provide a systematic picture of the transformations taking place in Ukraine’s investment ecosystem. The DMNTR platform openly publishes materials after each event — speaker abstracts, presentations, photo reports, post-releases — so that everyone can form their own analytical vision based on reliable and verified sources.
Registration and program details are available on the website: www.uic-ua.info
Media contacts:
Anastasia Konstantinova, Marketing/PR Manager:
nastakonstantinova586@gmail.com | +38 099 124 65 67 | www.t.me/nk_gogh
Organizer: DMNTR Media Group
About us:
DMNTR Media Group is a team with 25 years of experience in organizing professional events for the architecture, construction, and investment audiences. Our key projects include the Ukrainian Construction Congress, Ukraine Investment Congress, All-Ukrainian Interior of the Year competition,
Ukraine Urban Awards, and the Creator of the Year architecture and development award. We also publish the leading architecture and design magazine DMNTR and actively develop social media, where we publish daily insights, news, reports, and photo reports from all our events.
Follow us:
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“Kernel, one of Ukraine’s largest agricultural holdings, posted $682 million in gross profit in fiscal year (FY) 2024, up 7% from FY 2023.
According to the annual report published on the company’s website, Kernel earned $3.581 billion in revenue last fiscal year, up 4% year-on-year.
“This growth was driven by increased sales volumes across all key products – grain, sunflower oil and sunflower meal – due to the reopening of exports to Ukrainian Black Sea ports in mid-October 2023. This growth was partially offset by lower realized prices. Cargo transportation and other services reached a record high of $405 million, accounting for 11% of total revenue. Export sales accounted for 94% of total revenue,” the report says.
At the same time, Kernel recognized a loss of $10 million from changes in the fair value of biological assets and agricultural products in FY2024, compared to a loss of $115 million in FY2023.
The cost of sales in FY2024 increased by 7% year-on-year to $2.889 billion, driven by a 7% year-on-year increase in the cost of goods for resale and raw materials used, as well as a 7% increase in shipping and handling costs, the company explained.
At the same time, Kernel estimated losses from property damage and business interruption due to Russia’s war against Ukraine at $71 million, up 33% year-on-year, and reported that it received a one-time insurance payment of $34 million.
In FY2024, the agricultural holding received $9 million in profit from securities transactions (including Avere trading), inventory income, foreign currency gains, and income from contract termination.
In FY2024, Kernel’s other operating expenses amounted to $23 million, down 34% year-on-year. This included $17 million of shipping and other penalties (due to long waiting times for loading and unloading vessels in ports) and a $5 million loss from the Group’s securities and derivatives operations.
The agroholding increased salaries and related expenses by 24%, or $81 million. As a result, general and administrative expenses in FY2024 increased by 4% year-on-year to $213 million, mainly due to higher salaries and related expenses.
In addition, Kernel recognized net impairment losses on financial assets of $11 million, which reflects the provisions made for receivables and loans to third parties.
The agroholding also recorded a loss of $229 million in FY2024 due to impairment of property, plant and equipment ($117 million), impairment of goodwill related to two oilseed processing plants previously acquired by Kernel ($58 million), and impairment of intangible assets related to the port transshipment business ($24 million).
In addition, the agricultural holding mentioned the impairment of prepayments to suppliers and other current assets ($6 million), the write-off of assets destroyed by Russian shelling ($14 million), etc.
As a result, Kernel’s operating profit in FY2024 decreased by 37% compared to the same period in FY2023 to $276 million.
Financial expenses in FY2024 decreased by 22% year-on-year to $119 million, driven by a significant repayment of the group’s bank loans in December 2023 and a decrease in lease payments following the sale of a part of the agricultural business in March 2023.
Financial income in FY2024 increased by 62% year-on-year to $50 million, mainly due to interest accrued on financial assets held for cash management as additional liquidity balances were allocated to interest-bearing instruments. This also included a non-cash gain of $6 million on the repayment of certain credit facilities at a discount.
As a result, net financial expenses decreased by 43% year-on-year to $69 million.
Net foreign exchange gain amounted to $33 million, mainly due to the devaluation of the Ukrainian hryvnia against the US dollar during the reporting period and the corresponding revaluation of intra-group balances.
Other expenses, net, increased 2.5 times year-on-year to $29 million. Among them, the agricultural holding mentioned expenses for charitable and social projects of $25 million, fines and penalties of $6 million, as well as $2 million of profit from the sale of subsidiaries, as the Group completed the sale of three floor-type granaries in FY2024.
The Group reported operating profit of $604 million before working capital changes, down 20% year-on-year. This was 59% higher than EBITDA for the period, reflecting the impact of significant non-cash items recognized during the year.
After accounting for foreign currency translation differences, total comprehensive income attributable to shareholders in FY2024 amounted to $63 million, up 7% year-on-year.
The Board of Directors has recommended to the General Meeting of Shareholders to declare dividends of zero for the year ended June 30, 2024.
Before the war, Kernel Agro Holding was the world’s leading producer of sunflower oil (about 7% of global production) and its exports (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
Ukrainian sports media outlet Tribuna.com, which currently has more than 12 million monthly users, has announced the launch of a global football platform in six international languages – English, Spanish, German, French, Italian and Arabic – and has an ambition to quadruple the number of users.
“Our ambition is 50 million monthly users worldwide,” Tribuna.com co-founder Maxim Berezinsky told Interfax-Ukraine.
According to him, this is a long-term goal that requires a strong team.
“In particular, to work with the international platform, we actively engage native speakers who understand not only the language but also the local context. For example, the Arabic-language version of Tribuna is overseen by the former editor of Manchester City’s Arabic website,” Berezinsky said.
He emphasized that the development of the existing Ukrainian team is supported in parallel, and the task of the resource in Ukraine remains unchanged – to remain the leading sports media.
“Of course, most users of the international versions come to us to read about their favorite team or find out the score of an exotic match. But we consider it our task and duty to also talk about the Ukrainian context and are consciously developing this area on our foreign-language versions,” Berezinsky said.
The co-founder of Tribuna.com added that the resource disseminates information about the destruction of Ukrainian sports facilities by Russia, as well as promotes famous Ukrainian athletes, such as football player Oleksandr Zinchenko, high jumper Yaroslava Maguchikh, fencer Olga Harlan or boxer Oleksandr Usyk.
He also announced plans to expand the use of artificial intelligence (AI) and implement specific AI projects in the near future.
Tribuna.com was founded over 10 years ago by Dmitry Navosha and Maxim Berezinsky. Currently, in addition to the international website, the company also promotes the Football Xtra app, which tries to combine media, football fan communities, and a sports statistics service covering more than 600 tournaments in 160 countries. In addition, the publisher’s products also include 12 mobile applications for iOS and Android, created for fans of the world’s leading football clubs, from Barcelona to Juventus.
According to YouControl, Belarusian citizens Navosha and Berezinsky own 85% to 15% of Sport Segodnya LLC. Last year, the revenue of the company headed by Berezinsky increased to UAH 15.44 million from UAH 9.92 million in 2023, and the net loss amounted to UAH 1.23 million against UAH 5.22 million of net profit a year earlier.
In addition, according to YouControl, Berezinsky has a historical connection with Tribuna Digital LLC, where he was a co-owner. Now this company, which last year received 6.42 million hryvnias in revenue with a net loss of 3.16 million hryvnias, is owned by its director Oleksiy Simchenko.
The Tribuna.com website lists the contacts of the Cyprus-based Tribuna Trading LTD, which was registered in 2016 and has Navosha as one of its directors.
Head of business security practice at Juscutum law firm Oleksandr Horobets supported the adopted amendments to the CPC regarding NABU and SAP.
“Instead of political manipulation – legal clarity. Bill No. 12414 for the first time clearly establishes the boundaries of authority and raises the standards of human rights protection,” he said in a comment transmitted to the Interfax-Ukraine news agency on Wednesday.
In his opinion, in the framework of expanding the powers of the Prosecutor General, the law returns the situation to the legal field, because the expansion of the competence of the SAP from January 1, 2024, according to the law №3509-IX, contradicted the norm of the Constitution that the powers of the Prosecutor General can not be transferred to another prosecutor.
“A significant achievement of the draft law is the elimination of the destructive practice of conducting searches without court orders. The draft clearly limits this right exclusively to cases where there is an urgent need to save a person’s life, health, sexual freedom, safety or to preserve evidence of these crimes. This approach is worthy of the highest praise, because it is a direct step towards strengthening the guarantees of protection of the rights and freedoms of Ukrainian citizens from unjustified interference in private life”, – the head of Juscutum’s business security practice is of the opposite opinion to the UBA.
He added that the adopted law also provides a number of additional guarantees for the participants of the proceedings, in particular, the request to extend the pre-trial investigation up to 12 months must now be coordinated personally by the Prosecutor General, and his deputies will not have such a right.
Horobets believes that the adopted law leaves a wide range of legal opportunities for this NABU to work in a civilized and productive manner, and reminds that the expansion of powers of the SAP occurred only from January 1, 2024, and before that this body also worked effectively.
The lawyer also noted that the changes made concern all law enforcement agencies and structures, not only anti-corruption, so we should not talk about selective intervention.
“Bill No. 12414 is not a threat, but an important step towards a more efficient, constitutional and human rights-based justice system in Ukraine. It is designed to eliminate imbalances, strengthen guarantees of citizens’ rights and make the work of law enforcement agencies more transparent and responsible,” summarized the head of Juscutum’s business security practice.
The adoption of the law with amendments to the Criminal Procedure Code (CPC) No. 4555-IX (in the Rada it was under No. 12414) significantly weakens the independence of anti-corruption bodies, jeopardizes Ukraine’s European integration aspirations, and violates the principles of the rule of law and legality, in particular, due to the violation of procedures provided for by the regulations of the Verkhovna Rada, the Ukrainian Bar Association (UBA) made a public statement on Wednesday.
Among the norms criticized by the UBA are the abolition of the exclusive jurisdiction of the NABU and the SAP for corruption crimes, the deprivation of the SAP prosecutors of the authority to refer to the competence of the NABU other proceedings not expressly provided for by the CPC, and the consolidation of the right of the Prosecutor General to request the materials of any proceedings and the possibility of assigning the analysis of such materials for compliance with the requirements of the law to any other prosecutor.
The statement also notes the consolidation of the exclusive competence of the Prosecutor General to report suspicion of top officials and authorizing him to close criminal proceedings against top officials.
“The possibility of appointing a prosecutor without a competition – on the basis of a personal application and based on the results of a special inspection. Such a norm levels the selection standards, contradicts the principle of independence of the prosecutor’s office and creates risks for the legitimacy of personnel decisions”, – commented in the UBA another of the norms of the adopted law.
In its opinion, the fixing of such grounds for suspension of an investigator/detective as non-compliance with the prosecutor’s instructions can be used as a tool to influence the procedural independence.
The Association also pointed out that the grounds for conducting an “urgent” search without a court decision have been expanded to include the seizure or preservation of evidence, whereas previously it was possible only to ensure the life of persons, the safety of property or in the case of prosecution of persons.
The UBA notes that the independence of anti-corruption bodies is a key requirement of international partners and a condition for financial support to Ukraine. Its provision was envisaged, in particular, in the framework of visa liberalization with the EU and programs with the IMF.
“Moreover, such a law may create obstacles for Ukraine’s accession to the EU, because it violates the principles of the rule of law, which is a fundamental component of the European integration process. Given the above, the Ukrainian Bar Association calls on the Verkhovna Rada to initiate an immediate review of the provisions of the law, which undermine the institutional independence of the NABU and SAP,” the statement reads.
The Association also calls on international partners to continue monitoring and promoting compliance with the principles of independence of Ukraine’s anti-corruption system, and on the professional legal community and the public to work out changes that will comply with international standards of the rule of law.
