Business news from Ukraine

Ukraine increases rolled steel output by 35.5%

9 April , 2024  

Ukrainian metallurgical enterprises in January-March this year increased production of total rolled products by 35.5% year-on-year to 1.389 million tons from 1.025 million tons, according to preliminary data.
According to Ukrmetallurgprom on Tuesday, steel production increased by 36.6% to 1.687 million tons from 1.235 million tons in January-March 2023.
Pig iron production increased by 32.1% to 1.589 million tons from 1.203 million tons.
As reported, in January 2014, 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 2M2024, rolled products output increased by 52.5% y-o-y to 900 thousand tons from 590 thousand tons, steel output by 52% to 1.076 million tons from 708 thousand tons, and pig iron output by 42.5% to 1.050 million tons from 737 thousand tons.
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%).