Business news from Ukraine

Ukraine increased rolled steel production by 52.5%

11 March , 2024  

Ukrainian steelmakers increased production of total rolled products by 52.5% year-on-year to 900 thousand tons from 590 thousand tons in January-February this year, according to preliminary data.

According to Ukrmetallurgprom on Friday, steel production increased by 52% in January-February 2023 to 1.076 million tons from 708 thousand tons during this period.

Pig iron production increased by 42.5% to 1.050 million tons from 737 thousand tons.

As reported, in January-2024, the company increased production of total rolled products by 75.9% year-on-year to 453 thousand tons from 257 thousand tons, steel by 91.6% to 544 thousand tons from 284 thousand tons, and pig iron by 44.5% to 555 thousand tons from 384 thousand tons.

In 2023, Ukraine increased its production of total rolled products by 0.4% compared to 2022 to 5.372 million tons, but reduced steel production by 0.6% to 6.228 million tons and pig iron by 6.1% to 6.003 million tons.

In 2022, Ukraine reduced production of total rolled products by 72% compared to 2021, to 5.350 million tons, steel by 70.7% to 6.263 million tons, and pig iron by 69.8% to 6.391 million tons.

In 2021, the company produced 21.165 million tons of pig iron (103.6% compared to 2020), 21.366 million tons of steel (103.6%), and 19.079 million tons of rolled products (103.5%).