In February 2025, Ukrainian steelmakers increased steel production by 7.5% compared to the same period in 2024 – to 572 thousand tons from 532 thousand tons, but down 6.4% from the previous month, when they produced 611 thousand tons.
At the same time, Ukraine was ranked 21st among 69 countries in the ranking of global producers of these products by the World Steel Association (Worldsteel).
According to Worldsteel, in February 2025, steel production decreased compared to February 2024 in most of the top ten countries, except for India and South Korea.
The top ten steel producing countries in February are as follows: China – 78.922 million tons (minus 3.3% by February 2024), India – 12.662 million tons (plus 6.3%), Japan – 6.4 million tons (-8.5%), the United States – 6.03 million tons (-7%), and the Russian Federation – 5.8 million tons (-3.4%), South Korea – 5.154 million tons (0.7%), Turkey – 2.924 million tons (-5.6%), Brazil – 2.72 million tons (-1.6%), Germany – 2.702 million tons (-13.5%) and Italy – 1.813 million tons (-0.6%).
Overall, in February this year, steel production decreased by 3.4% year-on-year to 144.7 million tons.
For the first two months of the year, the top ten steel producing countries are as follows: China – 166.3 million tons (“minus” 1.5% by January-February 2024), India – 26.372 million tons (“plus” 6.8%), Japan – 13.186 million tons (-7.5%), the United States – 12.858 million tons (-1.3%), the Russian Federation – 11.739 million tons (-2, 5%), South Korea – 10.535 million tons (-2.8%), Turkey – 6.127 million tons (-3.7%), Brazil – 5.534 million tons (0.9%), Germany – 5.382 million tons (-13.1%) and Iran – 3.958 million tons (-23.1%).
Ukrainian steelmakers increased steel production by 9.9% in 2 months of this year compared to the same period in 2024, up to 1.183 million tons from 1.0756 million tons.
Overall, in January-February 2025, steel production decreased by 2.2% compared to the same period in 2024 to 301.958 million tons, ranking 20th.
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.
Ukraine still maintains steel production growth in the first two months of 2025 despite the loss of the sector’s key coking coal mine in Pokrovsk in the eastern part of the country, data from the Ukrainian steel producers’ union showed on Saturday.
Ukrainian steelmaker Metinvest has suspended operations at Ukraine’s only coking coal mine, citing a deteriorating security situation as Russian forces advanced.
The raw steel output rose by 9.9% in January-February 2025 to 1.18 million metric tons, the data showed.
Steel production has suffered since Russia’s invasion on February 24, 2022, which has led to the destruction of leading steel plants.
Ukraine, formerly a major steel producer and exporter, reported a 70.7% drop in output in 2022 to 6.3 million tons. It fell to 6 million tons in 2023 but increased to 7.58 million in 2024.
The steelmakers’ union said in October the potential closure of the Pokrovsk mine could cause steel output to slump to 2-3 million metric tons in 2025.
Producers have said they hope to find coking coal, an ingredient in steel production, from elsewhere in Ukraine should the mine be seized by Russian troops, but imports would be needed, raising costs.
“Metinvest, Ukraine’s largest mining and metals holding, increased steel production by 4% year-on-year to 2.099 million tons in 2024.
According to the press release of the parent company Metinvest B.V. on its operating results for 2024, the production of total iron ore products increased by 42% to 15.733 million tons.
At the same time, the production of commercial iron ore increased by 58% to 14.826 million tons.
It is noted that capacity utilization in Ukraine was affected by factors such as security, personnel, electricity, logistics and economic factors.
Coke production in 2024 decreased by 10% to 1.122 million tons.
At the same time, Metinvest increased its total pellet production by 14% to 6.022 million tons, but reduced its total coking coal concentrate output by 22% to 4.277 million tons.
It is specified that in the fourth quarter of 2024, pig iron production at Kametstal decreased by 6% quarter-on-quarter to 452 thousand tons, mainly due to a short maintenance shutdown of blast furnace No. 9 in October. Crude steel production decreased by 14% quarter-on-quarter to 489 kt, driven by a shift in orders from finished products to commercial pig iron.
In 2024, pig iron production amounted to 1.818 million tons, up 3% year-on-year, thanks to the efficient operation of two blast furnaces. As a result, crude steel production increased by 4% year-on-year to 2,099 thousand tons.
In the fourth quarter of 2024, the production of semi-finished products amounted to 235 thousand tons (-6% q-o-q). Last year, the production of semi-finished products increased by 3% compared to 2023 to 861 thousand tons due to an increase in orders.
In the fourth quarter of 2024, production of finished products decreased by 2% quarter-on-quarter to 481 thousand tonnes, with flat products production increasing by 4% to 193 thousand tonnes due to an increase in hot-rolled plate production at Ferriera Valsider (Italy). Long products production fell by 6% to 288 thousand tonnes, mainly due to a reduction in the order book at Promet Steel (Bulgaria).
In 2024, production of finished products decreased by 6% to 2,159 thousand tons. In particular, flat products production fell by 16% to 922 thousand tons due to unfavorable European market conditions, especially the availability of cheaper Russian plates. This resulted in a lack of profitable orders for hot-rolled coils and a reduced order book for hot-rolled plates, the company said. At the same time, production of galvanized cold-rolled steel increased by 42% due to the resumption of inductor No. 4 at Unisteel in Ukraine after it was shut down for overhaul in the second quarter of 2023.
Long products production increased by 4% to 1,237 thousand tons, mainly due to a larger order book at Kamet Steel. Since February 2024, Russian troops have focused their efforts on several areas, including Pokrovske, close to Pokrovskugol. As a result, production there was suspended in December 2024.
In the fourth quarter of 2024, the Group’s production of coking coal concentrate decreased by 7% quarter-on-quarter to 1,057 thousand tons. The main factor was a 14% drop in production at Pokrovskugol to 566 thousand tons. At the same time, coal concentrate production at United Coal (USA) increased by 3% quarter-on-quarter to 491 thousand tons.
In 2024, the Group’s production of coking coal concentrate decreased primarily due to a 22% decline in production at Pokrovskugol to 2,426 thousand tons, mainly due to changes in geological conditions and events at the end of 2024. Coking coal concentrate output at United Coal decreased by 21% to 1,852 thousand tons due to downtime at Carter Roag and lower production at some Wellmore mines in 2023.
“Metinvest is a group of steel and mining companies located in Ukraine, Europe and the United States.
Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.
According to Ukrmetallurgprom, Ukrainian steelmakers increased steel production by 23.1% to 7.028 million tons in January-November this year.
In November, 540.8 thousand tons of steel were produced, compared to 603.8 thousand tons in the previous month.
As reported, Ukraine reduced steel production by 0.6% to 6.228 million tons in 2023. In 2022, Ukraine reduced steel production by 70.7% to 6.263 million tons. In 2021, the country produced 21.366 million tons of steel (103.6%).
Ukrainian steelmakers increased steel production by 5.7% year-on-year to 604 thousand tons from 571 thousand tons in October this year, but decreased by 0.1% compared to the previous month, when they produced 610 thousand tons.
At the same time, Ukraine took 23rd place in the ranking of 71 countries that are global producers of this product, compiled by the World Steel Association (Worldsteel).
According to Worldsteel, in October 2014, half of the top ten countries, except for Japan, the United States, Russia, South Korea, and Iran, recorded an increase in steel production compared to October 2013.
The top ten steel producing countries in October are as follows: China (81.880 million tons, up 2.9% by October 2023), India (12.456 million tons, up 1.7%), Japan (6.925 million tons, down 7.8%), the United States (6.551 million tons, down 2%), and the Russian Federation (5.6 million tons, down 15.2%), South Korea (4.487 million tons, down 18.3%), Germany (3.217 million tons, up 14.7%), Brazil (3.075 million tons, up 16.2%), Turkey (2.998 million tons, up 0.7%) and Iran (2.960 million tons, down 1.9%).
Overall, in October this year, steel production increased by 0.4% year-on-year to 151.193 million tons.
For the first 10 months of 2024, the top ten producing countries are as follows: China (850.730 million tons, down 3%), India (122.982 million tons, up 5.6%), Japan (70.214 million tons, down 3.7%), the United States (66.666 million tons, down 1.9%), and the Russian Federation (59.435 million tons, down 6.8%), South Korea (52.330 million tons, down 6.4%), Germany (31.581 million tons, up 5%), Turkey (30.905 million tons, up 12.4%), Brazil (28.394 million tons, up 6%), and Iran (24.956 million tons, up 0.6%).
In total, 71 countries produced 1 billion 546.586 million tons of steel in January-October, down 1.6% from the same period in 2023.
At the same time, Ukraine produced 6.487 million tons of steel in 10 months of 2024, up 25.7% compared to January-October 2023. The country ranks 20th in the first 10 months of 2014.
As reported, 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 Worldsteel, August saw an increase in steel production compared to August 2023 in most of the top ten countries, except for China, Japan, Russia and South Korea.
The top ten steel producing countries in August are as follows: China (77.920 million tons, down 10.4% by August 2023), India (12.285 million tons, up 2.6%), the United States (7.048 million tons, up 0.7%), Japan (6.870 million tons, down 3.9%), and the Russian Federation (5.8 million tons, down 11.5%), South Korea (5.465 million tons, down 2.2%), Turkey (3.146 million tons, up 13.8%), Brazil (2.963 million tons, up 7.3%), Germany (2.874 million tons, up 0.5%) and Vietnam (1.793 million tons, up 1.5%).
In August, Ukraine increased steel production by 15% compared to August 2023, retaining its 20th place in the Worldsteel ranking.
In total, in August 2024, steel production decreased by 6.5% compared to the same period in 2023 to 144.834 million tons.
In January-August 2014, the top ten steel-producing countries were as follows: China (691.410 million tons, down 3.3% compared to January-August 2023), India (98.522 million tons, up 6.5%), Japan (56.665 million tons, down 2.9%), the United States (53.785 million tons, down 1.7%), the Russian Federation (48.469 million tons, minus 4.9%), South Korea (42.509 million tons, down 5.5%), Germany (25.378 million tons, up 4%). million tons, up 4%), Turkey (24.816 million tons, up 14.8%), Brazil (22.363 million tons, up 3.8%) and Iran (19.784 million tons, up 1.9%).
