“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%).
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.
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%).
