Business news from Ukraine

UKRAINE TO INCREASE STEEL PRODUCTION IN 2021 TO 21.7 MLN TONNES

14 June , 2021  

Ukrainian metallurgical enterprises are expected to increase steel production by 5% by the end of 2021 compared to 2020, to 21.723 million tonnes.
As reported in the background documents of the Ministry of Economy, which are at disposal of Interfax-Ukraine, production of general rolled products will also increase by 5%, to 19.394 million tonnes, as well as cast iron – by 5%, to 21.521 million tonnes.
The forecast is based on production indicators for January-May of this year, summarized by the Ukrmetalurgprom association, the ministry said.
At the same time, the source of the agency said that if the existing trends continue, the supply of scrap metal to metallurgical enterprises in 2021 will increase by 13%, to 3.280 million tonnes.
Output of pipes in 2021 may increase by 9%, to 931,000 tonnes, coke – by 3%, to 9.928 million tonnes, and refractories – by 7%, to 235,000 tonnes.

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