Business news from Ukraine

Business news from Ukraine

UKRAINE STEEL OUTPUT INCREASES BY 8.6% IN AUG, BEING 10TH IN WORLDSTEEL RANKING

22 September , 2015  

KYIV. Sept 22 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in August 2015 saw steel production rise by 8.6% compared with July 2014, to 1.919 million tonnes, meaning that the country retained 10th position in the ranking of 65 countries that are the world’s major manufacturers of steel, compiled by the World Steel Association (Worldsteel).

Steel production in August fell in most of the top ten states, except for India, South Korea, Germany and Ukraine.

The top ten steel producing countries in August were China (66.94 million tonnes, a fall of 3.5%), Japan (8.801 million tonnes, a drop of 5.8%), India (7.66 million tonnes, an increase of 2.8%), the United States (6.999 million tonnes, a drop of 9.7%), Russia (6.046 million tonnes, a decline of 3.2%), South Korea (5.92 million tonnes, a rise of 4.9%), Germany (3.432 million tonnes, a rise of 10.7%), Brazil (2.799 million tonnes, a fall of 5.41%), Turkey (2.563 million tonnes, a drop of 11.8%), and Ukraine (1.919 million tonnes, a rise of 8.6%).

Taiwan ranked 11th (1.855 million tonnes, a decrease of 5.7%) and Mexico was 12th (1.52 million tonnes, a decrease of 7.1%).

In August 2015, the 65 countries produced 132.337 million tonnes of steel, which is 3% less than in August 2014.

Over the eight months of 2015, Ukraine ranked 11th (15.044 million tonnes, a drop of 23.6%).

In January-August 2015, the top ten steel producing countries were China (540.594 million tonnes, a fall of 2.1%), Japan (70.242 million tonnes, a drop of 4.9%), India (60.549 million tonnes, growth of 4.1%), the United States (54.01 million tonnes, a drop of 8.5%), Russia (47.778 million tonnes, a decline of 0.2%), South Korea (46.371 million tonnes, a drop of 3.2%), Germany (29.196 million tonnes, a rise of 0.5%), Brazil (22.752 million tonnes, an increase of 0.3%), Turkey (21.291 million tonnes, a drop of 7%), and Taiwan (15.126 million tonnes, a rise of 0.6%).

In general, for the eight months of 2015, the 65 countries manufactured 1.078 billion tonnes of steel, which is 9.5% less than in the same period in 2014.