Metinvest, the largest Ukrainian mining and metallurgical holding, took 42nd place in the list of the largest world steel producers with a volume of 9.58 million tonnes in 2019 compared to the 42nd place with a volume of 9.37 million tonnes of steel in 2018, the 42nd place with a volume of 9.59 million tonnes in 2017, the 37th place with a volume of 10.34 million tonnes of steel in 2016, the 40th place (9.65 million tonnes) in 2015 and the 33rd place (11.18 million tonnes) in 2014.
According to the list of the main global manufacturers, compiled by the World Steel Association (Worldsteel), ArcelorMittal remained the largest steel company with a production volume of 97.31 million tonnes in 2019 (96.42 million tonnes in 2018). It is followed by China Baowu Group with 95.47 million tonnes (67.43 million tonnes), Nippon Steel with 51.68 million tonnes (49.22 million tonnes), HBIS Group with 46.56 million tonnes (46.8 million tonnes) and POSCO with 43.12 million tonnes (42.86 million tonnes).
According to the results of each year from 2014 to 2019, there are no Ukrainian companies in the list of the 50 largest world steel producers, except for Metinvest. The Industrial Union of Donbas Corporation, which ranked 44th with a production volume of 7.9 million tonnes in 2013, according to the results of recent years dropped out of the leaderboard.
Among Russian companies, NLMK took 21st place with a volume of 15.61 million tonnes (the 17th place with 17.39 million tonnes in 2018), Evraz group took 28th place with 13.81 million tonnes (the 30th place with 13.02 million tonnes), Magnitogorsk Iron and Steel Works took 32nd place with 12.46 million tonnes (31st with 12.66 million tonnes), Severstal took 37th place with 11.85 million tonnes (the 34th place with 12.04 million tonnes).
According to Worldsteel, Ukraine produced 20.8 million tonnes of steel and took 13th place in 2019 (while 21.1 million tonnes, 13th place in 2018), cast iron production amounted to 20.1 million tonnes (20.6 million tonnes), while the country exported 2.6 million tonnes of cast iron in 2019, and the apparent consumption of cast iron in Ukraine amounted to 17.5 million tonnes. The apparent steel consumption amounted to 4.8 million tonnes in Ukraine in 2019 (compared to 4.7 million tonnes in 2018), while consumption per person reached 108.1 kg (compared to 107.2 kg per person in 2018).
Ukraine reduced the import of aluminum ore and concentrate (bauxite) by 9% in January-May 2020 compared to the same period 2019, to 1.945 million tonnes.
According to statistics released by the State Customs Service, bauxite imports in monetary terms decreased by 8.2%, to $85.069 million during that period.
The import was mainly made from Guinea (67.77% of supplies in monetary terms), Guyana (15.02%) and Ghana (8.49%).
In January-May 2020, some 70 tonnes of bauxite worth $11,000 were re-exported to Poland, while in January-May 2019 Ukraine supplied 22 tonnes of bauxite worth $1,000 to Poland.
National bank of Ukraine’s official rates as of 10/06/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of June 10
One troy ounce=31.10 grams
Prime Minister of Ukraine Denys Shmyhal during the first telephone conversation with Canadian Deputy Prime Minister Chrystia Freeland discussed the liberalization of the visa regime and the extension of the free trade agreement between the two countries.
“Was happy to have the first conversation with a faithful friend of Ukraine — Deputy PM of Canada Chrystia Freeland. Visa liberalization and expanding of the free trade agreement was discussed. It’s vital for us to have such reliable partners. Grateful for the consistent support of Ukraine,” Shmyhal wrote on Twitter on Tuesday.
Ukraine’s economy will shrink by 3.5% in 2020 due to the coronavirus-related crisis, while the global economy will lose 5.2% overall, the World Bank announced this in the updated Global Economic Prospects on Tuesday. “The depth of the contraction will depend on the duration of the health crisis, progress on major pending reforms, and the ability to mobilize adequate financing to meet sizable repayment needs,” the World Bank said.
According to the bank, next year the growth of the Ukrainian economy will resume at a rate of 3%, which is lower than the expected recovery of the global economy at 4.2%.
The World Bank said that compared with the previous forecast in January of this year, it worsened expectations of the dynamics of Ukraine’s GDP this year by 7.2 percentage points (pp), and in the next – by 1.2 pp.
