Business news from Ukraine

Business news from Ukraine

UKRAINE RANKS 12TH IN WORLDSTEEL STEEL SMELTING IN JAN

1 March , 2020  

Ukrainian metallurgical enterprises in January 2020 reduced steel production by 0.4% compared to the same period in 2019, to 1.843 million tonnes, remaining at the 12th place in the ranking of 64 countries, the major global manufacturers of these products, compiled by the World Steel Association (Worldsteel).
In January, a decrease in steel production from January 2019 was recorded in a half of the countries of the top ten steel producing countries.
The top ten steel producing countries according to January results are as follows: China (84.269 million tonnes, an increase of 7.2%), India (9.288 million tonnes, a decrease of 3.2%), Japan (8.244 million tonnes, an increase of 1.3%), the United States (7.707 million tonnes, an increase of 2.5%), Russia (6 million tonnes, a fall of 4.1%), South Korea (5.753 million tonnes, a decline of 8%), Turkey (3.014 million tonnes, an increase of 17.3%), Iran (2,895 million tonnes, an increase of 46.9%), Germany (2.845 million tonnes, a drop of 17.7%) and Brazil (2.680 million tonnes, a decrease of 11.1%).
They are followed by Italy (1.874 million tonnes, a decline of 4.9%), Ukraine (1.843 million tonnes, a decline of 0.4%), Taiwan (China, 1.7 million tonnes, a decrease of 14.6%), Vietnam (1.53 million tonnes, a decrease of 12.4%) and Mexico (1.375 million tonnes, a decrease of 15.9%).
In January 2020, 64 countries produced 154.436 million tonnes of steel, which is 2.1% more than in January 2019.