Business news from Ukraine

Business news from Ukraine

World Steel Association has released ranking of major steel producing countries

According to Worldsteel, in October-2024, half of the top ten countries, except Japan, USA, rf, South Korea and Iran, recorded steelmaking growth by October-2023.
The top ten steel-producing countries at the end of October are as follows: China (81.880 million tons, up 2.9% on October-2023), India (12.456 million tons, plus 1.7%), Japan (6.925 million tons, minus 7.8%), USA (6.551 million tons, minus 2%), Russia (5.6 million tons, minus 15.2%), South Korea (4.487 million tons, down 18.3%), Germany (3.217 million tons, plus 14.7%), Brazil (3.075 million tons, plus 16.2%), Turkey (2.998 million tons, plus 0.7%) and Iran (2.960 million tons, minus 1.9%).
Overall, in October this year, steelmaking rose 0.4% year-on-year to 151.193 million tons.
For the first 10 months of 2024, the top ten steel-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%), USA (66.666 million tons, “minus” 1.9%), Russia (59.435 million tons, “minus” 6.8%), South Korea (52.330 million tons, minus 6.4%), Germany (31.581 million tons, plus 5%), Turkey (30.905 million tons, plus 12.4%), Brazil (28.394 million tons, up 6%) and Iran (24.956 million tons, plus 0.6%).
Overall, 71 countries produced 1 billion 546.586 million tons of steel in January-October, down 1.6% from the same period in 2023.

 

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Ukraine doubles steel output and ranks 22nd in Worldsteel ranking

Metallurgical enterprises of Ukraine in April this year increased steel production by 2.04 times compared to the same period last year – up to 574 thousand tons from 281 thousand tons.
In March 2023 it was smelted 527 thousand tons of steel.
In this case, Ukraine took 22nd place in the ranking of 63 countries – the world’s main producers of these products, compiled by the World Steel Association (Worldsteel).
According to Worldsteel, in April 2023 recorded a decline in steel production to April 2022 in most of the top ten countries, except India, South Korea, Russia and Iran.
The top ten steel-producing countries in April are as follows: China (92.640 million tons, down 1.5% on April-2022), India (10.721 million tons, up 3.2%), Japan (7.239 million tons, “minus” 3.1%), USA (6.586 million tons, “minus” 5.3%), RF (6.380 million tons, “plus” 1.9%), South Korea (5,689 mln tons, more by 3%), Germany (3,197 mln tons, decreasing by 3,8%), Iran (3,063 mln tons, increasing by 5,9%), Brazil (2,773 mln tons, minus 5,9%) and Turkey (2,678 mln tons, less by 20,6%).
Overall, steel production in April this year decreased by 2.4% compared to the same period last year to 161.377 million tons.
For the four months of 2023, the top ten steel-producing countries are as follows: China (354.390 million tons, up 4.1%), India (43.897 million tons, up 3%), Japan (28.861 million tons, down 5.3%), USA (26.061 million tons, down 4.1%), Russia (25.094 million tons, down 0.6%), South Korea (22.355 million tons, minus 0.4%), Germany (12.354 million tons, down 5.9%), Brazil (10.585 million tons, minus 8.8%), Turkey (10.1 million tons, down 21.3%) and Iran (9.710 million tons, up 0.1%).
A total of 63 countries produced 622.736 million tons of steel in January-April, which is 0.3% less than during the same period in 2022.
In this case, Ukraine produced 1.809 million tons of steel, which is 2.2 times, or 54% less than in January-April 2022. Is in 25th place at the end of four months-2023.
As reported, at the end of 2022, the top ten steel producing countries were as follows: China (1.013 billion tons, down 2.1%), India (124.720 million tons, up 5.5%), Japan (89.235 million tons, down 7.4%), USA (80.715 million tons, down 5.9%), Russia (71.5 million tons, down 7.2%), South Korea (65, 865 million tons, down 6.5%), Germany (36.849 million tons, down 8.4%), Turkey (35.134 million tons, down 12.9%), Brazil (33.972 million tons, down 5.8%) and Iran (30.593 million tons, up 8%).
In 2022, Ukraine ranked 23rd with the production of 6.263 million tons of steel (“minus” 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.

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Ukraine cuts steel production now in 35th place in Worldsteel rating

Ukrainian metallurgical enterprises in July this year reduced steel production by 85% compared to the same period in 2021, to 281,000 tonnes, taking 35th place in the ranking of 64 countries – the world’s main producers of this product, compiled by the World Steel Association (Worldsteel).
According to Worldsteel data released on Tuesday, in July 2022, a decrease in steel production was recorded in most countries of the top ten, except for India and Iran, versus July 2021.
The top ten steel-producing countries in July are as follows: China (81.430 million tonnes, a decrease of 6.4% compared to July 2021), India (10.070 million tonnes, an increase of 3.2%), Japan (7.326 million tonnes , less by 8.5%), the USA (7.002 million tonnes, less by 6.4%), South Korea (6.086 million tonnes, less by 0.6%), Russia (5.5 million tonnes, less by 13.2%), Germany (2.972 million tonnes, less by 2%), Brazil (2.823 million tonnes, less by 8.7%), Turkey (2.684 million tonnes, less by 20.7%) and Iran (2.012 million tonnes, an increase of 34.1%).
Ukraine is in 35th position with 281,000 tonnes of steel (85% less by July 2021). In June this year, the country produced 295,000 tonnes, in May – 308,000 tonnes, in April – 281,000 tonnes, in March – 200,000 tonnes, in February – 1.374 million tonnes, and in January – 1.851 million tonnes.
In general, in July this year, steel production in the world decreased by 6.5% compared to the same period last year, to 149.277 million tonnes.
Over seven months of 2022, the top ten steel-producing countries look like this: China (609.280 million tonnes, a decrease of 6.4%), India (73.305 million tonnes, an increase of 8%), Japan (53.322 million tonnes, a decrease of 4. 9%), the USA (48.036 million tonnes, less by 3%), the Russian Federation (41.432 million tonnes, decrease by 7%), South Korea (39.918 million tonnes, less by 3.4%), Germany (22.532 million tonnes, less by 5.1%), Turkey (21.639 million tonnes, a decrease of 6.9%), Brazil (20.285 million tonnes, a decrease of 3.5%) and Iran (17.394 million tonnes, an increase of 3.7%).
Ukraine, following the results of seven months of this year, took 20th place with the smelting of 4.820 million tonnes of steel (less by 62.1%).
In general, in January-July 2022, some 64 countries produced 1.102 billion tonnes of steel, which is 5.4% less than in the same period in 2021.

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UKRAINE RANKS 14TH IN WORLDSTEEL RATING IN MAY

Ukraine, following the results of work of metallurgical enterprises in May 2021, increased steel production by 13% compared to the same period in 2020, to 1.851 million tonnes, taking 14th place in the ranking of 64 countries-major global producers of these products, compiled by World Steel Association (Worldsteel).
In May, an increase in steel production was recorded in all countries of the top ten.
The top ten steel producing countries in May 2021 are as follows: China (99.450 million tonnes, an increase of 6.6% compared to May 2020), India (9.2 million tonnes, an increase of 46.9%), Japan (8.422 million tonnes, an increase of 42.2%), the United States (7.249 million tonnes, an increase of 47.6%), Russia (6.560 million tonnes, an increase of 14%), South Korea (5.950 million tonnes, plus 10.5%), Germany (3.475 million tonnes, an increase of 35.5%), Turkey (3.235 million tonnes, an increase of 42.4%), Brazil (3.160 million tonnes, an increase of 40.1%) and Iran (2.550 million tonnes, an increase of 7.7%).
This is followed by Italy (2.210 million tonnes, an increase of 18.8%), Taiwan (China, 2 million tonnes, an increase of 13.5%), Vietnam (1.945 million tonnes, an increase of 48.5%), Ukraine (1.851 million tonnes, an increase of 13%) and Mexico (1.670 million tonnes, plus 44.7%).
In general, in May of this year, steel production increased by 16.5% compared to the same period last year, to 174.376 million tonnes.
For the five months of this year, the top ten steel producing countries looks like this: China (473.1 million tonnes, an increase of 13.9%), India (48.609 million tonnes, an increase of 33.6%), Japan (39.951 million tonnes, an increase of 9.1%), the United States (34.773 million tonnes, plus 10.6%), Russia (31.865 million tonnes, an increase of 7.9%), South Korea (29.297 million tonnes, an increase of 6.9% ), Germany (17.013 million tonnes, an increase of 13.6%), Turkey (16.350 million tonnes, an increase of 21.2%), Brazil (14.942 million tonnes, an increase of 20.3%) and Iran (12.520 million tonnes, an increase of 9.2%).
This is followed by Italy (10.559 million tonnes, an increase of 27.3%), Taiwan (China, 9.614 million tonnes, an increase of 6.4%), Ukraine (8.987 million tonnes, plus 8.3%), Vietnam (8.855 million tonnes, an increase of 41.3%) and Mexico (7.754 million tonnes, plus 10.6%).
In total, 64 countries produced 837.473 million tonnes of steel in the five months of 2021, which is 14.5% more than in the same period last year.

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UKRAINE CLIMBS TO 13TH PLACE IN WORLDSTEEL RATING OF GLOBAL STEEL MANUFACTURERS

Ukraine in May 2020 reduced steel production by 10.4% compared to the same period in 2019, to 1.638 million tonnes, but climbed from the 15th to 13th place in the ranking of 64 countries, the main global manufacturers of these products, compiled by the World Steel Association (Worldsteel).
In May, a drop in steel production was recorded in most countries of the top ten, except for China and Iran. At the same time, the largest decline in steel production was recorded in India, by 39.1%.
In May, the top ten steel producing countries were as follows: China (92.267 million tonnes, an increase of 4.2%), Japan (5.916 million tonnes, a drop of 31.8%), South Korea (5.387 million tonnes, 14.1% down), the Russian Federation (6 million tonnes, 4.8% down), India (5.767 million tonnes, a decrease of 39.1%), the United States (4.790 million tonnes, a drop of 36.6%), Germany (2.850 million tonnes, 18.9% down), Iran (2.350 million tonnes, an increase of 8.9%), Turkey (2.272 million tonnes, a decrease of 25.8%) and Brazil (2.188 million tonnes, a drop by 22.6%).
They are followed by Vietnam (1.949 million tonnes, more by 11.4%), Taiwan (1.730 million tonnes, 10.6% less), Ukraine (1.638 million tonnes, 10.4% less), Mexico (1.450 million tonnes, 13.2% less) and Italy (1.250 million tonnes, less by 43.6%).
In May, 64 countries produced 148.775 million tonnes of steel, which is 8.7% less than in May 2019.

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UKRAINE RANKS 14TH IN WORLDSTEEL RATING

Ukraine in October 2019 cut steel production by 12.7% year-over-year (y-o-y), to 1.561 million tonnes, having slid from 13th to 14th place in the ranking of 64 countries that are the world’s key steelmakers, which is compiled by the World Steel Association (Worldsteel).
Steel production in October 2019 vs. October 2018 decreased in most top ten countries, except for Russia.
The top ten steel producing countries in October 2019 are as follows: China (81.521 million tonnes, 0.6% down y-o-y), India (9.089 million tonnes, 3.4% down y-o-y), Japan (8.157 million tonnes, 4.9% down y-o-y), the United States (7.407 million tonnes, 2% down y-o-y), South Korea (5.983 million tonnes, 3.5% down y-o-y), Russia (5.95 million tonnes, 2.4% up y-o-y), Germany (3.323 million tonnes, 6.8% down y-o-y), Turkey (2.687 million tonnes, 15% down y-o-y), Brazil (2.597 million tonnes, 19.4% down y-o-y), and Italy (2.225 million tonnes, 2.8% down y-o-y).
They are followed by Iran (2.2 million tonnes, 7.5% up), Taiwan (China, 1.825 million tonnes, 9.8% down), Vietnam (1.68 million tonnes, 25.1% up) and Ukraine (1.561 million tonnes, 12.7% down).
In total, the 64 countries produced 151.494 million tonnes of steel in October 2019, which was 2.8% down y-o-y.
In January-October 2019, the top ten included: China (829.215 million tonnes, 7.4% up y-o-y), India (93.306 million tonnes, 2.8% up y-o-y), Japan (83.791 million tonnes, 3.9% down y-o-y), the United States (73.539 million tonnes, 2.5% up y-o-y), South Korea (60.121 million tonnes, 0.4% down y-o-y), Russia (59.341 million tonnes, 0.1% down y-o-y), Germany (33.875 million tonnes, 4.6% down y-o-y), Turkey (27.973 million tonnes, 10.6% down y-o-y), Brazil (27.216 million tonnes, 8.6% down y-o-y), and Iran (21.518 million tonnes, 6.2% up y-o-y).
Italy ranks 11th (19.845 million tonnes, 3.8% down y-o-y), Taiwan 12th place (China, 18.763 million tonnes, a 2.5% down y-o-y), and Ukraine 13th (17.963 million tonnes, 2.3% up y-o-y).
In January-October 2019, the 64 countries produced 1.542 billion tonnes of steel, which is 3.2% more than in the same period last year.

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