Business news from Ukraine

Business news from Ukraine

UKRAINIAN METAL AND MINING ENTERPRISES INCREASES INCREASES ROLLED STEEL OUTPUT BY 3% YEAR-OVER-YEAR

Ukrainian metal and mining enterprises in January-September 2018 tentatively increased rolled steel output by 3% year-over-year, to 13.844 million tonnes. According to the Ukrmetallurgprom association, steel smelting grew by 1%, to 15.767 million tonnes, and cast iron output increased by 5%, to 15.288 million tonnes.
The production figures of enterprises in January-September 2018 were higher in comparison with the same period in 2017 not taking into account two months of work of the enterprises in the Ukrainian government’s uncontrolled area: rolled steel output grew by 6%, steel – by 4%, and cast iron – by 9%. In September 2018, Ukrainian metal companies produced 1.657 million tonnes of cast iron (96.3% to the previous month), 1.787 million tonnes of steel (100%), and 1.57 million tonnes of rolled steel (103%).
As reported, Ukrainian metal and mining enterprises in 2017, taking into account the two months of operation of the enterprises on the government uncontrolled areas, reduced steel output by 12% year-over-year, to 21.284 million tonnes, rolled steel – by 14%, to 18.439 million tonnes, and cast iron – by 15%, to 20.035 million tonnes. In 2016, Ukraine boosted steel output by 6% year-over-year, to 24.2 million tonnes, cast iron – by 8%, to 23.6 million tonnes, and rolled steel – by 6%, to 21.4 million tonnes.

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