Business news from Ukraine

UKRAINE CLIMBS TO NINTH PLACE IN RANKING OF STEEL EXPORTERS IN 2020

Ukraine in 2020 reduced steel exports to 15.2 million tonnes from 15.6 million tonnes a year earlier, but rose in the ranking of exporters from the tenth to the ninth place, according to the World Steel Association (Worldsteel).
According to the report, India was ranked higher than Ukraine last year among exporters with 17.1 million tonnes, Italy closed the top ten with 14.9 million tonnes, and China is still at the top of this list with 51.4 million tonnes, followed by Russia with 31.5 million tonnes and Japan with 29.8 million tonnes.
At the same time, due to the small volume of imports, Ukraine in the world ranking of net exporters in 2020 retained its fourth place with an indicator of 13.9 million tonnes, which is only slightly less than the 2019 indicator of 14 million tonnes.
The first place here is taken by Russia with 26.4 million tonnes, the second – by Japan with 24.8 million tonnes, the third – by South Korea with 16.1 million tonnes, while China is the fifth in this list with 13.5 million tonnes.
China was the largest importer of metal last year with 37.09 million tonnes, followed by the EU-28 with 32.6 million tonnes, excluding interregional trade, and the United States came third with 19.9 million tonnes.
In the ranking of net importers over 2020, the United States is leading with 13.6 million tonnes, the EU-28 is in the second place with 10 million tonnes, and Saudi Arabia is in the third place with 7.2 million tonnes.
Worldsteel recalls that in 2020 Ukraine produced 20.6 million tonnes of steel and took 12th place, the volume of pig iron production amounted to 20.4 million tonnes. At the same time, the country exported 3.1 million tonnes of pig iron last year, and its apparent consumption amounted to 17.3 million tonnes.
Apparent steel consumption in Ukraine in 2020, according to the association, amounted to 4.6 million tonnes, while consumption per capita – 105.5 kg.

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UKRAINE INCREASES OUTPUT OF STEEL BY 38% IN APRIL

World crude steel production in April this year grew by 23.3% year-on-year, to 169.5 million tonnes, according to a press release from the World Steel Association (Worldsteel).
Based on the results of the work of metallurgical enterprises in April 2021, Ukraine increased steel production by 37.8% compared with April 2020, to 1.845 million tonnes, climbing from 13th to 14th place in the ranking of 64 countries – the world’s main producers of these products compiled by Worldsteel.
In April, an increase in steel production was recorded compared with April last year in all countries of the top ten.
The top ten steel-producing countries in April 2021 are as follows: China (97.850 million tonnes, a rise of 13.4% on April 2020), India (8.3 million tonnes, a rise of 152.1%), Japan (7.817 million tonnes, a rise of 18.9%), the United States (6.896 million tonnes, a rise of 43%), Russia (6.5 million tonnes, a rise of 15.1%), South Korea (5.860 million tonnes, a rise of 15.4%), Germany (3.361 million tonnes, a rise of 31.5%), Turkey (3.290 million tonnes, a rise of 46.6%), Brazil (3.073 million tonnes, a rise of 59.3%) and Iran (2.470 million tonnes, a rise of 6.4% ).
They are followed by Italy (2.056 million tonnes, a rise of 78.9%), Taiwan (China, 1.915 million tonnes, a rise of 9.1%), Vietnam (1.880 million tonnes, a rise of 77.4%), Ukraine (1.845 million tonnes, a rise of 37.8%) and Mexico (1.610 million tonnes, a rise of 21%).
In total, 64 countries produced 662.780 million tonnes of steel in January-April 2021, which is 13.7% more than in the same period last year.

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UKRAINE INCREASES PRODUCTION OF STEEL BY 7%

Ukrainian metallurgical enterprises in January-April this year have increased the production of general rolled products, according to operational data, by 7.4% compared to the same period last year – up to 6.414 million tonnes.
In the first four months of the year steel production has increased by 7.2% – up to 7.138 million tonnes, pig iron – by 9.1% – up to 7.075 million tonnes, the association Ukrmetalurgprom said on Thursday.
In April, 1.680 million tonnes of rolled products, 1.847 million tonnes of steel, 1.762 million tonnes of pig iron were produced, while in the previous month – 1.575 million tonnes of rolled products, 1.779 million tonnes of steel, and 1.805 million tonnes of pig iron.

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BELARUSIAN SEA SHIPPING COMPANY PLANS TO SHIP STEEL TO EUROPE VIA UKRAINIAN, SERBIAN PORTS

Belarusian Sea Shipping Company is planning to ship steel goods made by Belarus Steel Works (BSW) to Europe via Ukrainian and Serbian ports.
The shipping company is willing to organize “experimental shipments of metal goods to Europe via the ports of Odessa in Ukraine and Semderovo in Serbia with loading in Mozyr,” the Belarusian Transport Ministry said following a meeting between its head, Alexei Avramenko, and BSW management.
The ministry said the shipments would be a promising area for the shipping company’s development and make water transport more appealing or Belarusian industry in general.
OJSC Belarusian Sea Shipping Company was established in 2009 and carries export, import and transit cargo to and from CIS and non-CIS countries using river-sea ships.
Belarus is landlocked but most of its exports are carried out by sea, via the Baltic States. The shipping company had earlier been in favor of building a deep-water port on the Dnieper River in the Gomel region, 5 km from the border with Ukraine, then shipping cargo by sea from Odesa.
BSW produces steel, roll, tubular goods and hardware and exports to 66 countries.

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UKRAINE IN MARCH TAKES 13TH PLACE AMONG BIGGEST STEEL MANUFACTURERS

Following the results of the work of metallurgical enterprises in March 2021, Ukraine increased steel production by 0.6% compared to the same period in 2020, to 1.777 million tonnes, moving from 12th to 13th place in the ranking of 64 countries, the world’s major manufacturers of these products, compiled by the World Steel Association (Worldsteel).
In March, an increase in steel production by March 2020 was recorded in all countries of the top ten.
The top ten steel-producing countries in March 2021 are as follows: China, India, Japan, the United States, Russia, South Korea, Germany, Turkey, Brazil and Iran.
This is followed by Italy (2.312 million tonnes, an increase of 68.8%), Taiwan (China, 1.980 million tonnes, an increase of 1.2%), Vietnam (1.940 million tonnes, an increase of 3769%), Ukraine (1.777 million tonnes, an increase of 0.6%) and Mexico (1.410 million tonnes, 12.9% down).

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GLOBAL STEEL DEMAND IN 2021 TO INCREASE BY 6% IN 2021

Global steel demand in 2021 will increase by 5.8% compared to the previous year, to 1.874 billion tonnes after a decrease by 0.2% in 2020, to 1.772 billion tonnes, according to the World Steel Association (Worldsteel).
According to the association’s short range outlook released on Thursday, steel demand will see further growth of 2.7% in 2022 compared to 2021 and reach 1.925 billion tonnes.
The current forecast assumes that the ongoing second or third waves of infections will stabilise in the second quarter and that steady progress on vaccinations will be made, allowing a gradual return to normality in major steel-using countries.
Commenting on the outlook, Mr Al Remeithi, the Chairman of the Worldsteel Economics Committee, said, despite the disastrous impact of the pandemic on lives and livelihoods, the global steel industry was fortunate enough to end 2020 with only a minor contraction in steel demand.
“This was due to a surprisingly robust recovery in China, with growth of 9.1%. In the rest of the world steel demand contracted by 10%. In the coming years, steel demand will recover firmly, both in the developed and developing economies, supported by pent-up demand and governments’ recovery programmes. However, for most developed economies a return to the pre-pandemic levels of steel demand will take a few years,” the Worldsteel’s press release said.
According to the association, in China, steel demand is expected to grow by 3% in 2021, to 1.025 billion tonnes, and in 2022 by another 1%, to 1.035 billion tonnes.
Steel demand in the CIS countries in 2021 will increase by 3.4%, to 60.2 million tonnes, and in 2022 it will increase by 3.2%, to 62.1 million tonnes.
Steel demand in the EU (27) and the United Kingdom this year will increase by 10.2%, to 154.9 million tonnes, and in 2022 it will increase by 4.8%, to 162.4 million tonnes.
The USMCA countries will increase consumption this year by 7.6%, to 122.6 million tonnes, and in 2022 by another 4.6%, to 128.3 million tonnes. Central and South America will see 10.6% growth this year and 4.2% growth next year, to 42.7 million tonnes and 44.5 million tonnes, respectively.
Africa will increase demand by 8.3%, to 38.6 million tonnes this year, and will see an increase of 5.9%, to 40.9 million tonnes in 2022, the Middle East in 2021 is expected to increase consumption by 5.4%, to 48.5 million tonnes, and in 2022 by 3.3%, to 50.1 million tonnes.
The countries of Asia and Oceania in 2021 will increase demand by 4.7%, to 1.364 billion tonnes, and in 2022 by 2%, to 1.392 billion tonnes.
In the outlook for countries, in particular, it is reported that India in 2021 is expected to increase steel consumption by 19.8% compared to 2020, to 106.1 million tonnes, in 2022 by 5.9%, to 112.3 million tonnes, the United States will increase demand by 8.1%, to 86.5 million tonnes, and in 2022 by 4.3%, to 90.2 million tonnes. Japan this year will increase demand by 6.5%, to 56 million tonnes, and in 2022 by another 5%, to 58.8 million tonnes.
South Korea in 2021 will increase steel consumption by 5.2%, to 51.5 million tonnes, and in 2022 by 2.5%, to 52.8 million tonnes. The Russian Federation will increase demand by 3% in 2021 and also by 3% in 2022, to 43.8 million tonnes and 45.1 million tonnes, respectively. Germany this year will increase demand by 9.3%, and next year by 5.3%, to 34 million tonnes and 35.8 million tonnes, respectively. Turkey in 2021 will increase demand by 18.7%, in 2022 by 5.7%, to 35 million tonnes and 37 million tonnes, and Vietnam will demonstrate growth by 5% and by 7.6%, to 24.5 million tonnes and 26.3 million tonnes, respectively. Mexico will increase demand in 2021 by 7.5%, to 23.4 million tonnes, and in 2022 by 5.5%, to 24.6 million tonnes.

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