Business news from Ukraine

Business news from Ukraine

Ukraine reduced pig iron production by 0.6% in January–May

Ukrainian steelmakers reduced pig iron production by 0.6% in January–May of this year compared to the same period last year, down to 2.990 million tons.

According to data from the Ukrmetallurgprom association, 634,400 tons of pig iron were produced in May, 554,000 tons in April, 690,200 tons in March, in February—561,900 tons, and in January—549,900 tons.

As reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025—to 7.884 million tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023—to 7.090 million tons. In 2023, pig iron production decreased by 6.1% to 6.003 million tons, and in 2022, by 69.8% to 6.391 million tons.

In 2021, before the war, 21.165 million tons of pig iron were produced, or 103.6% of the 2020 level.

The Experts Club Information and Analytical Center recently presented a video analysis of the top 20 steel-producing countries – https://youtube.com/shorts/j7Yev2HCS4o?si=lfmGJ5jrx8036z1U

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Ukraine increased pig iron production to 7.9 mln tons in 2025 – Worldsteel

According to data from Worldsteel’s annual compendium, Ukraine produced 7.9 million tons of pig iron in 2025, up from 7.1 million tons in 2024.

Pig iron exports from Ukraine rose to 2 million tons last year, compared to 1.3 million tons in 2024.

Apparent pig iron consumption in Ukraine in 2025 amounted to 5.9 million tons, compared to 5.8 million tons a year earlier.

According to Worldsteel, against the backdrop of rising pig iron production, steel output in Ukraine in 2025 fell to 7.4 million tons from 7.6 million tons in 2024. By this measure, Ukraine ranked 23rd in the world, down from 22nd a year earlier.

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Ukraine reduced pig iron production by 0.3% in January–April

According to preliminary data, Ukrainian steelmakers reduced pig iron production by 0.3% in January–April of this year compared to the same period last year, down to 2.356 million tons.

According to information from the Ukrmetallurgprom association on Monday, 554,000 tons of pig iron were produced in April, 690,200 tons in March, 561,900 tons in February, and 549,900 tons in January.

As reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025 compared to 2024, reaching 7.884 million tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023, reaching 7.090 million tons.

In 2023, Ukraine reduced pig iron production by 6.1% compared to 2022, reaching 6.003 million tons.

In 2022, the country reduced pig iron production by 69.8% compared to 2021, down to 6.391 million tons.

In 2021, before the war, 21.165 million tons of pig iron were produced (103.6%).

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Pig iron production in Ukraine rose by 5.9% in Q1 2026

Ukrainian steelmakers increased pig iron output by 5.9% in January–March 2026 compared to the same period last year, reaching 1.802 million tons.

According to information from the Ukrmetallurgprom association on Thursday, 690,200 tons of pig iron were produced in March, compared to 561,900 tons the previous month and 549,900 tons in January.

As reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025 compared to 2024, reaching 7.884 million tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023—to 7.090 million tons.

In 2023, Ukraine reduced pig iron production by 6.1% compared to 2022—to 6.003 million tons.

In 2022, the country reduced pig iron production by 69.8% compared to 2021—to 6.391 million tons.

In 2021, before the war, 21.165 million tons of pig iron were produced.

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In January-February, Ukrainian metallurgists reduced pig iron production by 11%

According to preliminary data, Ukrainian metallurgical enterprises reduced pig iron production in January-February of this year by 11.2% compared to the same period last year, to 1.012 million tons.

According to information from the Ukrmetallurgprom association on Monday evening, 461,900 tons of pig iron were produced in February, compared to 549,900 tons in the previous month.

As reported, Ukrainian metallurgical enterprises increased pig iron production by 11.2% in 2025 compared to 2024, to 7.884 million tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023, to 7.090 million tons.

In 2023, Ukraine reduced pig iron production by 6.1% compared to 2022, to 6.003 million tons.

In 2022, the country reduced pig iron production by 69.8% compared to 2021, to 6.391 million tons.

In pre-war 2021, 21.165 million tons of pig iron were produced, which was 103.6% of the 2020 level.

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In January, Ukraine reduced its exports of pig iron by 27% to 93,800 tons

In January this year, Ukraine reduced its exports of processed pig iron in physical terms by 27.1% compared to the same period last year — to 93,795 tons from 128,592 tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, 246,516 tons of pig iron were exported in December.

In January, pig iron exports decreased by 32.5% in monetary terms, to $34.807 million from $51.581 million.

At the same time, exports were mainly to the US (87.25% of shipments in monetary terms), Italy (9.41%), and Poland (2.01%).

This January, the country did not import pig iron, as it did a year ago.

As reported, in 2025, Ukraine increased its exports of cast iron in physical terms by 53.5% compared to the previous year, to 1 million 980.620 thousand tons, and its revenue by 51.9%, to $759.882 million. Exports were mainly to the United States (68.25% of shipments in monetary terms), Italy (20.26%), and Turkey (3.63%).

Over the 12 months of last year, the country imported 39,000 tons worth $78,000 from Germany (51.95%) and Brazil (48.05%), while in January-December 2024, 38 tons of pig iron worth $90,000 were imported.

It was also reported that, starting March 12, 2025, in accordance with President Donald Trump’s decision, the US began imposing a 25% tariff on imports of Ukrainian steel products, except for cast iron.

In 2024, Ukraine reduced its exports of processed cast iron by 3.4% in physical terms compared to 2023, to 1 million 290.622 thousand tons, and by 6.1% in monetary terms, to $500.341 million. Exports were mainly to the US (72.64% of shipments in monetary terms), Turkey (8.03%), and Italy (7.30%). For the whole of 2024, the country imported 38 tons of pig iron worth $90 thousand from Germany, while for the same period in 2023, it imported 154 tons of pig iron worth $156 thousand.

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