Business news from Ukraine

Business news from Ukraine

Ukraine increased steel production by 23.1% in 11 months

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%).

Ukraine increased steel production by 5.7% in October, ranking 23rd in world

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.

China is undisputed leader in steel production in January-August 2024

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%).

 

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Ukraine increased steel production by 18%

In July this year, Ukrainian steelmakers increased steel production by 17.9% year-on-year to 709 thousand tons from 602 thousand tons, but decreased by 3.5% compared to the previous month, when they produced 735 thousand tons.
At the same time, Ukraine took 20th place in the ranking of 71 countries that are global producers of these products, compiled by the World Steel Association (Worldsteel).
According to Worldsteel, in July, most of the top ten countries, except China, Japan, Russia and South Korea, recorded an increase in steel production by July 2023.
The top ten steel producing countries in July are as follows: China (82.940 million tons, down 9% by July 2023), India (12.285 million tons, up 6.8%), Japan (7.1 million tons, down 3.8%), the United States (6.931 million tons, up 2.1%), the Russian Federation (6.250 million tons, down 3.1%), South Korea (5, 522 million tons, down 3.4%), Germany (3.1 million tons, up 4.8%), Turkey (3.055 million tons, up 4%), Brazil (also 3.055 million tons, up 11.6%) and Vietnam (1.927 million tons, up 17%).
In total, in July 2024, steel production decreased by 4.7% compared to the same period in 2023 to 152.849 million tons.
In January-July 2024, the top ten steel producing countries were as follows: China (613.720 million tons, down 2.2% compared to January-July 2023), India (86.372 million tons, up 7.2%), Japan (49.798 million tons, down 2.8%), the United States (46.854 million tons, down 1.8%), and the Russian Federation (43.082 million tons, minus 3%), South Korea (37.069 million tons, down 5.9%), Germany (22.460 million tons, up 4.5%), Turkey (21.670 million tons, up 14.9%), Brazil (19.4 million tons, up 3.3%) and Iran (18.416 million tons, up 2.9%).
Overall, in 7M2024, steel production decreased by 0.7% y-o-y to 1 billion 107.235 million tons.
At the same time, Ukraine produced 4.583 million tons of steel in 7M2024, up 33.6% from 3.430 million tons in 7M2023. The country ranks 20th in January-July.
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%), Russia (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 increases rolled steel output by 28% and steel production by one third

In January-July this year, Ukrainian steelmakers increased production of total rolled products by 28.4% year-on-year to 3.728 million tons from 2.903 million tons, according to preliminary data.
According to Ukrmetallurgprom, steel production increased by 33.6% to 4.583 million tons and pig iron by 21.2% to 4.089 million tons in the period. In July, the company produced 588.6 thousand tons of rolled products, 708.9 thousand tons of steel, and 621.4 thousand tons of pig iron, compared to 571.5 thousand tons of rolled products, 734.7 thousand tons of steel, and 628.6 thousand tons of pig iron in the previous month.
As reported, in 2023, Ukraine increased production of total rolled products 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 by 6.1% to 6.003 million tons.
In 2022, Ukraine reduced production of total rolled products 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, 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%).

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Ukraine increases steel production to 738 thousand tons

In May this year, Ukrainian steelmakers increased steel production to 738 thousand tons, up 26.5% year-on-year (583 thousand tons) and 3.2% month-on-month (April, when 715 thousand tons were produced).

At the same time, Ukraine ranked 20th in the ranking of 71 countries that are global producers of this product, compiled by the World Steel Association (Worldsteel).

According to Worldsteel, in May, steel production declined in most of the top ten countries, except for China, India, Turkey, and Iran, by May 2023.

The top ten steel producing countries in May are as follows: China (92.860 million tons, up 2.7% by May 2023), India (12.218 million tons, up 3.3%), Japan (7.168 million tons, down 6.3%), the United States (6.939 million tons, down 1.5%), and the Russian Federation (6.320 million tons, down 0.9%), South Korea (5.162 million tons, down 10.9%), Iran (3.253 million tons, up 2.1%), Turkey (3.213 million tons, up 11.6%), Germany (3.187 million tons, down 1.9%) and Brazil (2.584 million tons, down 7.4%).

In total, in May 2024, steel production increased by 1.5% compared to the same period in 2023 to 165.107 million tons.

In January-May 2014, the top ten steel producing countries were as follows: China (438.610 million tons, down 1.4% compared to January-May 2023), India (61.926 million tons, up 7.7%), Japan (35.674 million tons, down 2.3%), the United States (33.374 million tons, down 2.4%), and the Russian Federation (30.875 million tons, minus 2.5%), South Korea (26.382 million tons, down 6.3%), Germany (16.173 million tons, up 3.7%), Turkey (15.544 million tons, up 19.8%), Iran (14.035 million tons, up 9.1%) and Brazil (13.560 million tons, up 0.6%).

Overall, in 5 months of 2014, steel production decreased by 0.1% compared to the same period in 2023 to 793.211 million tons.

At the same time, Ukraine produced 3.139 million tons of steel in 5 months of 2014, up 31.2% compared to 2.392 million tons in the same period of 2023. The country ranks 21st in January-May.

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%), Russia (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.