Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES STEEL PRODUCTION BY 8% IN MAY

25 June , 2019  

Ukrainian metallurgical enterprises in May 2019 increased steel production by 7.8% compared to the same period in 2018, to 1.827 million tonnes, stepping down from 12th place to the 13th in the ranking of 64 countries, the major global manufacturers of these products, compiled by the World Steel Association (Worldsteel). An increase in steel production in most of the top ten countries, except for Japan, Russia, Germany, and Turkey was recorded in May.
The top ten producer countries in May are as follows: China (89.091 million tonnes, an increase of 10%), India (9.196 million tonnes, an increase of 5.1%), Japan (8.676 million tonnes, a decline of 4.6%), the United States (7.653 million tonnes, an increase of 5.4%), South Korea (6.371 million tonnes, an increase of 2.2%), the Russian Federation (5.95 million tonnes, a decrease of 2.7%), Germany (3.47 million tonnes, a drop of 6.2%), Turkey (3.063 million tonnes, a decrease of 8%), Brazil (2.751 million tonnes, an increase of 2.9%), and Iran (2.235 million tonnes, an increase of 3.8%).
They are followed by Italy (2.215 million tonnes, a growth of 1.1%), Taiwan (China, 2.04 million tonnes, a decrease of 2.6%) and Ukraine (1.827 million tonnes, an increase of 7.8%).
In May, 64 countries produced 162.744 million tonnes of steel, which is 5.4% more than in May 2018.
In January-May 2019, 64 countries produced 764.072 million tonnes of steel, which is 5% more than in the same period last year.

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