Business news from Ukraine

Business news from Ukraine

Ukraine became twentieth largest steel producer in world in April

In April this year, Ukrainian steelmakers increased steel production to 715 thousand tons, up 24.5% year-on-year (574 thousand tons) and 17% compared to March this year (611 thousand tons).
At the same time, Ukraine took 20th place in the ranking of 71 countries – global producers of these products, compiled by the World Steel Association (Worldsteel).
At the same time, Ukraine produced 2.402 million tons of steel in 4M2024, up 32.8% compared to the same period in 2023 (1.809 million tons in 4M2023). The country ranks 21st in January-April.
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, Ukraine ranked 23rd with 6.263 million tons of steel produced (-70.7%).
The record for Ukraine in recent years was the eighth place in the ranking of steel-producing countries compiled by the World Steel Association (Worldsteel). Ukraine was ranked eighth in 2013, followed by a deterioration in its position and even a drop out of the top 20 steel-producing countries.