Business news from Ukraine

Business news from Ukraine

Ukraine reduced steel output by 7-11%

9 December , 2023  

In January-November this year, Ukrainian steelmakers cut production of total rolled steel by 7.2% year-on-year to 4.864 million tons, according to preliminary data.

According to Ukrmetallurgprom on Friday, in the first 11 months of this year, steel production decreased by 7.3% compared to January-November 2022, to 5.707 million tons.

Pig iron production during this period decreased by 11.3% to 5.447 million tons.

As reported, in 9M2023, Ukraine reduced production of total rolled products by 17% year-on-year to 3.929 million tons, steel by 16.9% to 4.590 million tons, and pig iron by 19.5% to 4.394 million tons.

In 2022, the country’s steelmaking companies 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%).