In 2024, Ukraine increased its apparent steel use by 5.9% compared to 2023, from 3.4 million tons to 3.6 million tons. Per capita consumption was 95 kg (compared to 93.4 kg in 2023). This is significantly lower than the global average of 214.7 kg per capita.
According to Worldsteel, Ukraine produced 7.6 million tons of steel in 2024 (6.2 million tons in 2023), ranking 22nd in the world. Despite the growth, Ukrainian companies did not make it into the list of the world’s 50 largest steel producers, whereas in 2014–2021, the Metinvest Group was present in it.
The world leaders in steel production in 2024 remained China Baowu Group (130.09 million tons), ArcelorMittal (65 million tons), Ansteel Group (59.55 million tons), Nippon Steel (43.64 million tons), and HBIS Group (42.28 million tons).
US President Donald Trump has announced that tariffs on steel imports to the US will be increased by 50%, which is twice the current rate, CNN reports.
“We are going to increase tariffs on steel in the United States by 25%, from 25% to 50%,” he said during a speech at a US Steel plant near Pittsburgh, Pennsylvania.
Trump added that he was considering a 40% tariff, but industry leaders told him they wanted a 50% tariff.
“At 25%, they can somehow get around this fence. At 50%, nobody will get around this fence,” the US president added.
He later wrote that tariffs on steel and aluminum would be increased to 50% starting Wednesday, June 4.
“I am honored to raise tariffs on steel and aluminum from 25% to 50% starting Wednesday, June 4. Our steel and aluminum industries are reborn like never before. This will be another big boost of great news for our great steel and aluminum workers. Let’s make America great again!” he wrote.
Earlier, the Experts Club analytical center released a global analysis of steel production by the world’s leading countries. For more details, follow the link: https://youtube.com/shorts/VgUU9MEMosE?si=EZIE-o9jE0w2O9Z_
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.
In January-April this year, Zaporizhzhia Iron and Steel Works “Zaporizhstal” increased its rolled steel output by 2.5% year-on-year to 865.7 thousand tons from 844.8 thousand tons.
According to the company’s press release on Thursday, steel production for the period amounted to 1 million 18.9 thousand tons (1 million 9.3 thousand tons in January-April 2024), and pig iron production amounted to 1 million 132.4 thousand tons (1 million 50.4 thousand tons).
In April, Zaporizhstal produced 282.8 thousand tons of iron, 270.6 thousand tons of steel, and shipped 228.3 thousand tons of rolled products.
As reported, in 2024, Zaporizhstal increased its rolled steel output by 18.1% compared to 2023 – to 2 million 426.7 thousand tons from 2 million 54.7 thousand tons, steel – by 17.2% to 2 million 890.8 thousand tons, pig iron – by 14.2% to 3 million 106.3 thousand tons.
“In 2023, Zaporizhstal increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
In March 2025, Ukrainian steelmakers reduced steel production by 9.9% compared to the same period in 2024, to 551 thousand tons from 611 thousand tons, and by 3.7% compared to the previous month, when 572 thousand tons were produced.
In the ranking of global producers of these products compiled by the World Steel Association (Worldsteel), Ukraine ranked 24th among 69 countries.
According to Worldsteel, in March 2025, half of the top ten countries, except for China, India, Japan, Brazil, and Iran, recorded a decline in steel production compared to March 2024.
The top ten steel producing countries in March are as follows: China – 92.840 million tons (+4.6% compared to March 2014), India – 13.789 million tons (+7%), Japan – 7.207 million tons (+0.2%), the United States – 6.712 million tons (-1.5%), and the Russian Federation – 6.2 million tons (-3.2%), South Korea – 5.008 million tons (-5.3%), Iran – 3.332 million tons (+3.7%), Turkey – 3.130 million tons (-2.8%), Germany – 3.1 million tons (-11.7%) and Brazil – 2.944 million tons (+6.6%).
Overall, in March this year, steel production increased by 2.9% year-on-year to 166.123 million tons.
The top ten steel-producing countries for the first three months of this year are as follows: China – 259.330 million tons (+0.6% compared to January-March 2024), India – 40.123 million tons (+6.8%), Japan – 20.393 million tons (-4.9%), the United States – 19.726 million tons (-0.6%), and the Russian Federation – 17.740 million tons (-3.8%), South Korea – 15.543 million tons (-3.6%), Turkey – 9.257 million tons (-3.4%), Germany – 8.482 million tons (-12.6%), Brazil – 8.477 million tons (+2.8%) and Iran – 7.290 million tons (-12.8%).
In the first quarter of this year, Ukrainian steelmakers increased steel production by 2.7% compared to the same period in 2024, up to 1.733 million tons from 1.687 million tons, ranking the country 23rd.
In January-March 2025, global steel production decreased by 0.4% compared to the same period in 2024 to 468.613 million tons.
As reported, in 2024, the top ten steel producing countries among 71 countries were as follows: China – 1 billion 5.090 million tons (-1.7%), India – 149.587 million tons (+6.3%), Japan – 84.009 million tons (-3.4%), the United States – 79.452 million tons (-2.4%), the Russian Federation – 70.690 million tons (-7%), South Korea – 63, 531 million tons (-4.7%), Germany – 37.234 million tons (+5.2%), Turkey – 36.893 million tons (+9.4%), Brazil – 33.741 million tons (+5.3%) and Iran – 30.952 million tons (+0.8%).
In total, 71 countries produced 1 billion 839.449 million tons of steel last year, which is 0.9% less than in 2023.
At the same time, Ukraine produced 7.575 million tons of steel in 2024, up 21.6% from 6.228 million tons in 2023. The country was ranked 20th in 2024.
In 2023, China produced 1 billion 19.080 million tons (at the level of the previous year), India – 140.171 million tons (+11.8%), Japan – 86.996 million tons (-2.5%), the United States – 80.664 million tons (+0.2%), the Russian Federation – 75, 8 million tons (+5.6%), South Korea – 66.676 million tons (+1.3%), Germany – 35.438 million tons (-3.9%), Turkey – 33.714 million tons (-4%), Brazil – 31.869 million tons (-6.5%) and Iran – 31.139 million tons (+1.8%). In total, 71 countries produced 1 billion 849.734 million tons of steel in 2023, which is 0.1% less than in 2022.
At the same time, Ukraine produced 6.228 million tons of steel in 2023, which is 0.6% lower than in 2022. The country was ranked 22nd in 2023.
In 2022, the top ten steel-producing countries were as follows: China – 1.013 billion tons (-2.1%), India – 124.720 million tons (+5.5%), Japan – 89.235 million tons (-7.4%), the United States – 80.715 million tons (-5.9%), the Russian Federation – 71.5 million tons (-7.2%), South Korea – 65, 865 million tons (-6.5%), Germany – 36.849 million tons (-8.4%), Turkey – 35.134 million tons (-12.9%), Brazil – 33.972 million tons (-5.8%), and Iran – 30.593 million tons (+8%).
Ukraine ranked 23rd in 2022 with 6.263 million tons of steel produced (-70.7%).
In total, 64 countries produced 1 billion 831.467 million tons of steel in 2022, which is 4.3% less than in 2021.
According to Ukrmetallurgprom’s operational data, Ukrainian steelmakers produced 1.733 million tons of steel in Q1 2025, up 2.7% year-on-year.
In March, production amounted to 550.5 thousand tons, slightly lower than in February (571.8 thousand tons).
In total, Ukraine produced 7.575 million tons of steel in 2024 (+21.6% compared to 2023), and 6.228 million tons in 2023 (-0.6%). In 2021, the figure reached 21.366 million tons.
The Experts Club Information and Analytical Center has recently presented a video analysis of the top 20 steel producing countries – https://youtube.com/shorts/j7Yev2HCS4o?si=lfmGJ5jrx8036z1U
