Business news from Ukraine

Business news from Ukraine

Ukrainian metallurgists slightly increased production of steel, cast iron, and rolled products

According to preliminary data, Ukrainian metallurgical enterprises increased their production of total rolled products in January-April of this year by 0.5% compared to the same period last year, to 1.982 million tons from 1.973 million tons.

According to information from the Ukrmetallurgprom association on Friday, steel production during this period increased by 1% to 2.425 million tons, and pig iron production increased by 8.1% to 2.363 million tons.

In April, 547,000 tons of rolled steel, 692,000 tons of steel, and 661,000 tons of pig iron were produced, compared to 478,400 tons of rolled steel, 550,500 tons of steel, and 563,200 tons of pig iron in the previous month.

As reported, Ukraine increased its total rolled steel production in 2024 by 15.8% compared to the previous year, to 6.222 million tons from 5.372 million tons. Steel smelting during this period increased by 21.6% to 7.575 million tons, and pig iron by 18.1% to 7.090 million tons.

In 2023, Ukraine increased its total rolled steel production by 0.4% compared to 2022, to 5.372 million tons, but reduced steel production by 0.6%, to 6.228 million tons, and pig iron production by 6.1%, to 6.003 million tons.

In 2022, the country reduced total rolled steel production by 72% compared to 2021, to 5.350 million tons, steel by 70.7%, to 6.263 million tons, and pig iron by 69.8%, to 6.391 million tons.

In 2021, 21.165 million tons of pig iron (103.6% compared to 2020), 21.366 million tons of steel (103.6%), and 19.079 million tons of rolled steel (103.5%) were produced.

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UKRAINE CUTS EXPORT OF CAST IRON BY 52.7%, OVER HALF OF SUPPLIES COMES FROM USA IN JAN-APRIL

Ukraine in January-April this year reduced the export of cast iron by 52.7% compared to the same period last year, to 451,142 tonnes.
According to statistics released by the State Customs Service (SCS), over the specified period, the export of cast iron in monetary terms decreased 50.4%, to $220.179 million.
At the same time, exports were carried out mainly to the United States (52.42% of deliveries in monetary terms), Turkey (18.58%) and Italy (17.59%).
In January-April 2022, Ukraine imported 15 tonnes of cast iron from Germany for $25,000, while in the first four months of 2021 it imported 46 tonnes of cast iron for $49,000 from Germany (76%) and Slovakia (24%).
As reported, Ukraine in 2021 increased the export of cast iron by 4.2% compared to 2020, to 3.236 million tonnes, the export of cast iron in monetary terms grew by 78.1%, to $1.643 billion. At the same time, exports were carried out mainly to the United States (53.61% of deliveries in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tonnes of pig iron worth $226,000 from Germany (74.34%), the Russian Federation (20.35%) and Slovakia (5.31%), while in 2020 it imported 593 tonnes worth $417,000.

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UKRAINE INCREASES CAST IRON EXPORT

Ukraine in January-August this year increased exports of cast iron in quantity terms by 6% compared to the same period last year, to 2.173 million tonnes.
According to statistics released by the State Customs Service on Wednesday, during the specified period, exports of cast iron in monetary terms increased by 93.7%, to $1.127 billion.
At the same time, the products were mainly exported to the United States (57.07% of supplies in monetary terms), Italy (20.38%) and Turkey (10.89%).
Over eight months of 2021, Ukraine imported 149 tonnes of cast iron for $163,000 from Germany (64.42%), the Russian Federation (28.22%) and Slovakia (7.36%), while in January-August 2020 it imported 412 tonnes for $292,000.

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UKRAINE INCREASES CAST IRON EXPORTS BY 4%

Ukraine in January-May this year increased exports of cast iron in quantity terms by 4.1% compared to the same period last year, to 1.252 million tonnes.
According to statistics released by the State Customs Service on Wednesday, during the specified period, exports of cast iron in monetary terms increased by 70.8%, to $600.902 million.
At the same time, exports were carried out mainly in the United States (59.45% of supplies in monetary terms), Turkey (13.82%) and Italy (11.83%).
In January-April 2021, Ukraine imported 73 tonnes of cast iron worth $92,000 from Germany (86.96%) and Slovakia (13.04%), while over the five months of 2020 it imported 314 tonnes of similar products worth $209,000.

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MAIN ADDRESSES OF UKRAINIAN CAST IRON – UNITED STATES, TURKEY AND BRAZIL

Ukraine in January-February of this year reduced the export of pig iron in kind by 24.4% compared to the same period last year, to 383,523 tonnes.
According to statistics released by the State Customs Service on Tuesday, during the specified period, the export of cast iron in monetary terms grew by 0.7%, to $154.176 million.
At the same time, cast iron was mainly exported to the United States (66.92% of deliveries in monetary terms), as well as to Turkey (8.84%) and Brazil (7.38%).
In January-February-2021, Ukraine imported 34 tonnes of cast iron worth $29,000 from Germany (60%) and Slovakia (40%), while in the first two months of 2020 it imported 100 tonnes of similar products worth $71,000.

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UKRAINE CUTS OUTPUT OF ROLLED PRODUCTS AND BUT INCREASES CAST IRON

Ukrainian metallurgical enterprises in January of this year reduced the production of general rolled products, according to recent data, by 1.2% compared to the same period last year, to 1.659 million tonnes.
According to the report of the Ukrmetalurgprom association on Tuesday, in the first month of the year steel production decreased by 0.1%, to 1.841 million tonnes, while cast iron increased by 5.1%, to 1.817 million tonnes.
As reported, over 2020, Ukrainian metallurgical enterprises increased production of general rolled products by 0.7% compared to 2019, to 18.344 million tonnes, reduced steel by 1.4%, to 20.549 million tonnes and increased cast iron by 1.5%, to 20.358 million tonnes.

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