Business news from Ukraine

UKRAINE CUTS STEEL PRODUCTION BY 3.3%

24 November , 2021  

Ukraine reduced steel production by 3.3% in October 2021 compared to the same period in 2020, and by 6.2% compared to the previous month, to 1.599 million tonnes, down from 13th in 14th place in the ranking of 64 countries – the major world producers of these products, compiled by the World Steel Association (Worldsteel).In October 2021, an increase in steel production compared with October 2020 was recorded in most of the top ten countries, except for China and South Korea.The top ten steel-producing countries in October 2021 was as follows: China (71.580 million tonnes, a 23.3% drop compared to October 2020), India (9.793 million tonnes, an increase of 2.4%), Japan (8.224 million tonnes, an increase of 14.3%), the United States (7.501 million tonnes, an increase of 20.5%), the Russian Federation (6.06 million tonnes, an increase of 0.5%), South Korea (5.8 million tonnes, a decrease of 1%), Germany (3.655 million tonnes, an increase of 7%), Turkey (3.464 million tonnes, an increase of 8%), Brazil (3.150 million tonnes, an increase of 10.4%) and Italy (2.210 million tonnes, an increase of 4.2%).They are followed by Iran (2.190 million tonnes, a decrease of 15.3%), Taiwan (China, 1.950 million tonnes, an increase of 16.6%), Vietnam (1.888 million tonnes, an increase of 6.8%), Ukraine (1.599 million, a decline of 3.3%) and Mexico (1.550 million tonnes, 0.2% more).In general, in October this year, steel production decreased by 10.6% compared to the same period last year, to 145.666 million tonnes.In January-October 2021, the top ten steel-producing countries was the following: China (877.050 million tonnes, a decrease of 0.7%), India (96.932 million tonnes, an increase of 20.6%), Japan (80.357 million tonnes, an increase of 17.5%), the United States (71.717 million tonnes, 19.6% more), Russia (62.503 million tonnes, an increase of 5.7%), South Korea (58.667 million tonnes, an increase of 5.9%), Germany (33.561 million tonnes, an increase of 15.1%), Turkey (33.333 million tonnes, an increase of 14.2%), Brazil (30.320 million tonnes, an increase of 19.1%) and Iran (22.374 million tonnes, a decrease of 5.7%).They are followed by Italy (20.720 million tonnes, an increase of 23.9%), Vietnam (19.684 million tonnes, an increase of 27.5%), Taiwan (China, 19.188 million tonnes, an increase of 11%), Ukraine (17.893 million tonnes, 5.4% more) and Mexico (15.557 million tonnes, 12.8% more).In January-October 2021, 64 countries produced 1.607 billion tonnes of steel, which is 5.9% more than in the same period last year.

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