Business news from Ukraine

Business news from Ukraine

Ukraine in June increased steel production by almost half by June 2022

26 July , 2023  

Metallurgical enterprises of Ukraine in June this year increased steel production by 47.8% compared to the same period last year – up to 436 thousand tons from 295 thousand tons.
In May-2023, 583 thousand tons of steel were melted.
At the same time, Ukraine took 25th place in the ranking of 63 countries – the world’s major producers of these products, compiled by the World Steel Association (Worldsteel).
According to Worldsteel, in June-2023, a reduction in steelmaking by June-2022 was recorded in half of the top ten countries, except China, India, USA, Russia and Iran.
The top ten steel-producing countries at the end of June are as follows: China (91.110 million tons, up 0.4% by June-2022), India (11.205 million tons, up 12.9%), Japan (7.325 million tons, “minus” 1.7%), USA (6.789 million tons, “plus” 0.5%), RF (5.8 million tons, “plus” 3.8%), South Korea (5, 532 million tons, down 0.9%), Iran (3.159 million tons, up 17.4%), Turkey (2.937 million tons, down 1.5%), Germany (2.925 million tons, down 8.4%) and Brazil (2.566 million tons, down 12.5%).
Overall in June this year, steelmaking fell 0.1% year-on-year to 158.756 million tons.
For the first six months of 2023, the top ten steel-producing countries are as follows: China (535.640 million tons, up 1.3%), India (67.918 million tons, up 7.4%), Japan (43.833 million tons, down 4.7%), USA (39.855 million tons, down 2.9%), Russia (37.463 million tons, up 1%), South Korea (33, 675 million tons, down 0.5%), Germany (18.527 million tons, down 5.3%), Iran (16.125 million tons, up 4.8%), Brazil (15.972 million tons, down 8.9%) and Turkey (15.916 million tons, down 16.3%).
Overall, in January-June, 63 countries produced 943.9 million tons of steel, 1.1% less than in the same period of 2022.
At the same time, Ukraine produced 2.829 million tons of steel in 6M-2023, which is 37.7% less than in January-June 2022. The country is on the 24th place on the results of six 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%).
Ukraine ranked 23rd for 2022 with steel production of 6.263 million tons (“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.