Ukrainian metallurgical enterprises in January-November of this year increased pig iron production – by 19.8%, up to 6.524 million tons.
In November, 542.9 thousand tons of pig iron was produced, while in the previous month – 624.9 thousand tons of pig iron. As reported, Ukraine in 2023 reduced pig iron smelting by 6.1% to 6.003 million tons.
Ukraine in 2022 reduced pig iron production by 69.8% – to 6.391 million tons. For 2021, 21.165 million tons of pig iron was produced (103.6% to 2020).
In January-August this year, Ukraine reduced pig iron exports in physical terms by 19.8% compared to the same period last year, to 749.454 thousand tons. According to statistics released by the State Customs Service (SCS) on Friday, pig iron exports in monetary terms decreased by 19.6% to $286.447 million during the period.
At the same time, exports were carried out mainly to the United States (66.28% of supplies in monetary terms), Italy (10.03%) and Turkey (9.85%).
In the first eight months of the year, the country imported 15 tons of pig iron worth $37 thousand from Germany (in January, March, May, June, July and August, there were no imports), while in the same period in 2023, it imported 65 tons of pig iron worth $97 thousand.
As reported, in 2023, Ukraine reduced pig iron exports in physical terms by 5.8% compared to 2022 – to 1 million 248.512 thousand tons, while exports in monetary terms decreased by 26.2% to $471.467 million. Deliveries were made mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).
In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.
In January-May this year, Ukraine reduced pig iron exports in physical terms by 19.6% year-on-year to 507.106 thousand tons.
According to statistics released by the State Customs Service (SCS) on Thursday, pig iron exports in monetary terms decreased by 22.3% to $189.600 million during the period.
At the same time, exports were carried out mainly to the United States (78.55% of supplies in monetary terms), Italy (6.49%) and Poland (5.77%).
In the first five months of the year, the country imported 15 tons of pig iron worth $35 thousand from Germany (there were no imports in January, March and May), while in the same period in 2023 it imported 37 tons of pig iron worth $52 thousand.
As reported, in 2023, Ukraine reduced exports of processed pig iron in physical terms by 5.8% compared to 2022 – to 1 million 248.512 thousand tons, while exports in monetary terms decreased by 26.2% to $ 471.467 million. Deliveries were made mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).
In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.
In 2022, Ukraine reduced exports of processed pig iron by 59% in physical terms compared to the previous year to 1 million 325.275 thousand tons, and by 61.1% in monetary terms to $638.774 million.
In 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 2021 it imported 185 tons of pig iron worth $226 thousand. Exports were mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%) and Turkey (8.12%), while imports were made from Germany (100%).
According to Metinvest Group’s annual report, in 2023 Metinvest’s revenue decreased by 11% to $7.397 bln by 2022, mainly due to lower steel, iron ore and coking coal selling prices, which were in line with global rates. Also, sales volumes of pig iron, slabs, flat and tubular products were affected by the war from the suspension of production at Mariupol steel mills. At the same time, Metinvest increased shipments of other products in its portfolio (primarily billets by 6%, long products by 28%, pellets by 70% and coking coal concentrate by 32%), as well as steel and coke resales on the back of higher production at Zaporizhstal.
A significant factor supporting iron ore sales in H2 2023 was the opening of the Black Sea corridor for sales to distant markets.
Also, Metinvest’s revenue in Ukraine grew by 14% to $2.628 bln mainly due to a recovery in demand for iron ore and coking coal, as well as for flat and long products.
In turn, the group has had to make profound changes to its business operations as it continues to strive for adaptability and resilience.
“We have adjusted our supply chain and are strengthening relationships with our suppliers and customers to withstand the current conditions. At the beginning of 2023, the company experienced significant challenges, particularly due to power outages. However, by implementing the necessary changes to respond to this crisis, we were able to achieve a gradual recovery of production,” states the CEO.
He emphasized that the resumption of Ukrainian commercial shipping in the Black Sea later in 2023 was an important moment for Metinvest, allowing to increase capacity utilization. “We are cautiously optimistic about this undoubtedly positive development, while recognizing the ongoing military threats,” the top manager added.
According to him, these developments have directly impacted the group’s financial performance, improving the situation and allowing us to focus on operational efficiency, flexibility and strategic planning for future growth.
“Metinvest remains committed to servicing its debt obligations, having repaid the remaining principal amount of the group’s 2023 bonds redeemed last year on time and in full, while maintaining its deleveraging approach, Ryzhenkov said.
“Although Metinvest has focused its investments in 2023 mainly on maintaining its assets, I firmly believe that we must start preparing for the future. Our ambitions have not diminished; we have laid the foundation for Steel Dream, our visionary vision for rebuilding Ukraine. Despite the war, our commitment to a green transformation strategy also remains unchanged. This vision embodies our determination not only to dream, but also to plan a pilot project on low-carbon steel technology in Italy,” summarized the CEO.
“Metinvest consists of mining and metallurgical enterprises located in Ukraine, Europe and the United States. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), jointly managing it.
COKING COAL, IRON ORE, METINVEST, PIG IRON, REVENUE, ROLLED PRODUCTS, slabs, STEEL
In January this year, Ukraine increased exports of processed pig iron in physical terms by 5.3% year-on-year to 142,176 thousand tons from 135,073 thousand tons.
According to statistics released by the State Customs Service (SCS) on Friday, pig iron exports in monetary terms increased by 3.1% to $50.004 million from $48.513 million during the period under review.
At the same time, exports were carried out mainly to the United States (92.26% of supplies in monetary terms), Poland (3.88%) and France (2.52%).
In the first month of the year, Ukraine did not import pig iron, as it did in January 2023.
As reported, in 2023, Ukraine reduced pig iron exports in physical terms by 5.8% compared to 2022 – to 1 million 248.512 thousand tons, while exports in monetary terms decreased by 26.2% to $471.467 million. Deliveries were made mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).
In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.
In 2022, Ukraine reduced exports of processed pig iron by 59% in physical terms compared to the previous year to 1 million 325.275 thousand tons, and by 61.1% in monetary terms to $638.774 million.
In 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 2021 it imported 185 tons of pig iron worth $226 thousand. Exports were mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%) and Turkey (8.12%), while imports were made from Germany (100%).
Ukrainian metallurgical enterprises increased pig iron production by 41.5% to 555 thousand tons from 384 thousand tons in January this year.
As reported, Ukraine increased pig iron production by 6.1% to 6.003 million tons in 2023.
In 2022, Ukraine reduced pig iron production by 69.8% to 6.391 million tons.
In 2021, the company produced 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 products (103.5%).
