Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES STEEL OUTPUT BY 8.5% IN JAN, REMAINS 10TH IN WORLDSTEEL RATING

23 February , 2017  

KYIV. Feb 23 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in January 2017 increased steel production by 8.5% compared with January 2016, to 2.103 million tonnes, remaining on the 10th place in the ranking among 66 countries, the world’s major manufacturers of these products, compiled by the World Steel Association (Worldsteel).

Growth in steel production in December was fixed in all countries from the top ten states.

The top ten steel makers in January looks as follows: China (67.2 million tonnes, a 7.4% rise), Japan (9.002 million tonnes, a 2.7% rise), India (8.4 million tonnes, 12% up), the United States (6.874 million tonnes, a rise of 6.5%), Russia (6.183 million tonnes, an 11.6% rise), South Korea (5.86 million tonnes, a 3.2% rise), Germany (3.649 million tonnes, 1.2% up), Turkey (2.93 million tonnes, 12.8% up), Brazil (2.856 million tonnes, 14.4% up), and Ukraine (2.103 million tonnes, 8.5% up).

In general, 66 countries in January 2017 produced 136.514 million tonnes of steel, which is 7% more than in January 2016.

As reported, in 2016 the top ten steel makers included China (808.37 million tonnes, an increase of 1.2%), Japan (104.772 million tonnes, a drop of 0.3%), India (95.618 million tonnes, an increase of 7.4%), the United States (78.619 million tonnes, a drop of 0.3%), Russia (70.8 million tonnes, a drop of 0.1%), South Korea (68.567 million tonnes, a drop of 1.6%), Germany (42.082 million tonnes, a drop of 1.4%), Turkey (33.163 million tonnes, an increase of 5.2%), Brazil (30.212 million tonnes, a drop of 9.2%), and Ukraine (24.221 million tonnes, an increase of 5.5%).

In general, the 66 countries produced 1.604 billion tonnes of steel in 2016, which was 0.7% up year-over-year.