Business news from Ukraine

Ukraine reduced steel output by 17%

30 October , 2023  

In January-September this year, Ukrainian steelmakers cut production of total rolled products by 17% year-on-year to 3.929 million tons, according to preliminary data.

According to Ukrmetallurgprom, steel production in the first nine months of this year decreased by 16.9% compared to January-September 2022, to 4.590 million tons.

Pig iron production during this period decreased by 19.5% to 4.394 million tons.

As reported, in 2022, Ukraine reduced production of total rolled products by 72% year-on-year 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%).