Business news from Ukraine

Business news from Ukraine

UKRAINE STEEL OUTPUT INCREASES BY 14.1% IN SEPT BUT LEAVES TOP TEN IN WORLDSTEEL RANKING, 10TH IN JAN-SEPT

21 October , 2015  

KYIV. Oct 21 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in September 2015 saw steel production rise by 14.1% compared with July 2014, to 2.061 million tonnes, however the country fell to 11th in the ranking of the 66 countries that are the world’s major manufacturers of steel, compiled by the World Steel Association (Worldsteel).

Steel production in September fell in all of the top ten states.

The top ten steel producing countries in September were China (66.12 million tonnes, a fall of 3%), Japan (8.573 million tonnes, a drop of 7.3%), India (7.261 million tonnes, a decline of 1.4%), the United States (6.682 million tonnes, a drop of 8.5%), South Korea (5.615 million tonnes, a fall of 2.7%), Russia (5.528 million tonnes, a decline of 3.2%), Germany (3.379 million tonnes, a fall of 3.9%), Brazil (2.501 million tonnes, a fall of 13%), Turkey (2.489 million tonnes, a drop of 14.1%), and Italy (2.083 million tonnes, a fall of 3.9%).

Ukraine ranked 11th (2.061 million tonnes, a rise of 14.1%) and Taiwan was 12th (1.76 million tonnes, a decrease of 6%).

In September 2015, the 66 countries produced 130.938 million tonnes of steel, which is 3.7% less than in September 2014.

In January-September 2015, the top ten steel producing countries were China (608.94 million tonnes, a fall of 2.1%), Japan (78.81 million tonnes, a drop of 5.2%), India (67.575 million tonnes, growth of 3.1%), the United States (60.629 million tonnes, a drop of 8.6%), Russia (53.304 million tonnes, a decline of 0.5%), South Korea (51.868 million tonnes, a drop of 3.4%), Germany (32.572 million tonnes, a rise of 0.1%), Brazil (25.253 million tonnes, a decline of 1.2%), Turkey (23.78 million tonnes, a drop of 7.8%), and Ukraine (17.106 million tonnes, a drop of 20.5%).

During the first nine months of 2015, Taiwan ranked 11th (16.807 million tonnes, a drop of 0.6%) and Italy was 12th (16.728 million tonnes, a drop of 8.8%)

In general, for the nine months of 2015, the 66 countries manufactured 1.637 billion tonnes of steel, which is 1.1% more than in the same period in 2014.