Business news from Ukraine

Business news from Ukraine

UKRAINE RETAINS 13TH PLACE IN WORLDSTEEL RATING IN SEPT

27 October , 2021  

Based on the results of the work of metallurgical enterprises in September 2021, Ukraine increased steel production by 3.2% compared to the same period in 2020, but decreased it by 8.3% compared to the previous month, to 1.704 million tonnes, keeping the 13th place in the ranking of 64 countries – the main world producers of these products, compiled by the World Steel Association (Worldsteel).

In September, an increase in steel production compared with September 2020 was recorded in most countries of the top ten, except for China, the Russian Federation, and South Korea.

The top ten steel-producing countries in September 2021 were as follows: China (73.750 million tonnes, a drop of 21.2% compared to September 2020), India (9.547 million tonnes, an increase of 7.2%), Japan (8.144 million tonnes, an increase of 25.6%), the United States (7.293 million tonnes, an increase of 22%), the Russian Federation (5.860 million tonnes, a decrease of 2.2%), South Korea (5.460 million tonnes, a decrease of 5%), Germany (3.340 million tonnes, an increase of 10.7%), Turkey (3.303 million tonnes, an increase of 2.4%), Brazil (3.051 million tonnes, an increase of 15.3%) and Italy (2.304 million tonnes, an increase of 28%).

They were followed by Taiwan (PRC, 1.890 million tonnes, an increase of 19.9%), Vietnam (1.762 million tonnes, a decrease of 2.3%), Ukraine (1.704 million tonnes, an increase of 3.2%), Mexico (1.455 million tonnes, 2.2% more) and Iran (1.250 million tonnes, 51.4% down).

In general, in September this year, steel production fell by 8.9% compared to the same period last year, to 144.417 million tonnes.

In the first nine months of 2021, 64 countries produced 1.461 billion tonnes of steel, which is 7.8% more than in the same period last year.