Business news from Ukraine

Business news from Ukraine

Ukraine increased its apparent steel consumption by 13.9% in 2025 – Worldsteel

5 June , 2026  

According to the 2025 results, Ukraine increased its apparent steel consumption by 13.9% compared to 2024—from 3.6 million tons to 4.1 million tons, according to data from Worldsteel’s annual compendium.

Per capita steel consumption in Ukraine reached 105.3 kg in 2025, compared to 95.9 kg a year earlier. Globally, this figure averaged 209 kg per person, compared to 214.8 kg in 2024.

According to Worldsteel, Ukraine produced 7.4 million tons of steel in 2025 and ranked 23rd in the global ranking of producers. In 2024, the country produced 7.6 million tons of steel and ranked 22nd.

There are no Ukrainian companies on the list of the world’s 50 largest steel producers for the 2022–2025 period, whereas the Metinvest Group was included in this ranking in 2014–2021.

The world’s largest steelmaker in 2025, as in 2024 and 2023, was China Baowu Group, with production of 124.76 million tons of steel. In second place is ArcelorMittal with 63.43 million tons, followed by Nippon Steel Corporation with 57.78 million tons, Ansteel Group with 57.61 million tons, and HBIS Group with 42.49 million tons.

According to the results for 2022–2025, Ukraine did not make it into the top 20 largest steel exporters, whereas in 2021 it ranked 10th, having sold 15.7 million tons of steel products on foreign markets.

At the same time, in the ranking of net exporters, Ukraine ranked 9th in the world in 2025 with a volume of 1.7 million tons, compared to 10th place and 3.4 million tons in 2024.

In addition, Ukraine exported 0.4 million tons of ferrous metal scrap in 2025, compared to 0.3 million tons in 2024.

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