Business news from Ukraine

Business news from Ukraine

Ukraine increases rolled steel output by 27%

10 September , 2024  

Ukrainian metallurgical enterprises increased production of total rolled steel in January-August this year by 26.6% year-on-year, up to 4.318 million tons from 3.410 million tons, according to preliminary data.
According to Ukrmetallurgprom on Tuesday, steel production for the period increased by 30.8% to 5.274 million tons, and pig iron by 21.1% to 4.732 million tons.
In August, the company produced 589.3 thousand tons of rolled products, 690.7 thousand tons of steel, and 643.6 thousand tons of pig iron, compared to 588.6 thousand tons of rolled products, 708.9 thousand tons of steel, and 621.4 thousand tons of pig iron in the previous month.
As reported, in 2023, Ukraine increased 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%).