Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES STEEL PRODUCTION BY 11% IN FEBRUARY, RANKS 12-TH IN WORLD

27 March , 2018  

Ukraine in February 2018 increased steel production by 11.2% compared to the same period in 2017, to 1.9 million tonnes, ranking 12th in the rating of 64 countries, the world’s major steel producers, compiled by the World Steel Association (Worldsteel). In February, the growth of steel making in half of the top ten countries was recorded.
The top ten countries in terms of steel production in February were China (64.930 million tonnes, an increase of 5.9%), India (8.434 million tonnes, an increase of 3.4%), Japan (8.296 million tonnes, a drop of 0.5%), the United States (6.446 million tonnes, an increase of 0.4%), South Korea (5.415 million tonnes, a decrease of 2.1%), Russia (5.150 million tonnes, a fall of 2.1%), Germany (3.340 million tonnes, a 3.2% decrease), Turkey (2.998 million tonnes, an increase of 8.7%), Brazil (2.714 million tonnes, a 5.5% increase), and Iran (2.120 million tonnes, an increase of 48.6%).
They are followed by Italy (2.093 million tonnes, an increase of 4.5%), Ukraine (1.9 million tonnes, an increase of 11.2%), and Taiwan (1.810 million tonnes, a fall of 2%).
In general, in February 64 countries produced 131.791 million tonnes of steel, which is 3.5% more than in February 2017.