Business news from Ukraine

UKRAINE CUTS OUTPUT OF METAL PRODUCTS BY ALMOST 60% IN H1 2022 DUE TO RUSSIAN AGGRESSION

Ukrainian metallurgical enterprises in January-June this year reduced production of general rolled products, according to recent data, by 58.4% compared to the same period last year, to 4.018 million tonnes.
According to the Ukrmetalurgprom association, for the first six months of the year, steel production decreased by 58.2%, to 4.539 million tonnes, and cast iron by 57.9%, to 4.538 million tonnes.
Earlier, Ukrmetalurgprom reported that Ukraine in January-May of this year reduced production of general rolled products by 52.7%, to 3.789 million tonnes, steel by 52.8%, to 4.244 million tonnes, and cast iron by 53.3%, to 4.154 million tonnes.
In the first quarter of this year, the country reduced production of general rolled products by 34.2%, to 3.116 million tonnes, steel by 31.2%, to 3.641 million tonnes, and cast iron by 34.1%, to 3.499 million tonnes.
It was also reported that Ukraine, as of February 24, 2022 (the beginning of Russian military aggression), over less than two months of this year, reduced production of general rolled products by 9.2% compared to the same period last year, to 2.859 million tonnes, steel 8.2%, to 3.225 million tonnes, and cast iron by 10.7%, to 3.132 million tonnes.
Then it was explained that in connection with Russian military aggression, all the country’s metal enterprises were stopped and transferred to the “hot conservation” mode.

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UKRAINE CUTS OUTPUT OF METAL PRODUCTS BY 53% DUE TO RUSSIAN INVASION

Ukrainian metallurgical enterprises in January-May of this year reduced the production of general rolled products, according to operational data, by 52.7% compared to the same period last year, to 3.789 million tonnes.
As reported in the information of the association Ukrmetallurgprom on Saturday, for the first five months of the year, steel production fell by 52.8%, to 4.244 million tonnes, pig iron – by 53.3%, to 4.154 million tonnes.
Earlier, Ukrmetallurgprom reported that Ukraine in the first quarter of this year reduced the production of general rolled products by 34.2% compared to the same period last year, to 3.116 million tonnes, steel by 31.2%, to 3.641 million tonnes, and pig iron by 34.1%, to 3.499 million tonnes.

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UKRAINIAN METALLURGICAL ENTERPRISES WILL INCREASE OUTPUT OF METAL PRODUCTS IN 2021

Ukrainian metallurgical enterprises are expected to increase steel production by 4% by the end of 2021 compared to 2020 – to 21.444 million tonnes.
According to the documents of the Ministry of Economy, available to Interfax-Ukraine, production of general rolled goods will also increase by 4% – to 19.175 million tonnes, pig iron smelting – also by 4%, to 21.238 million tonnes.
The forecast is based on production indicators for January-November this year, summarized by the Ukrmetalurgprom association, the ministry said.
At the same time, the source added that if the existing trends continue, the supply of scrap metal to metallurgical enterprises in 2021 will increase by 13% – up to 3.264 million tonnes.
Production of pipes in 2021 may increase by 16% – to 990,000 tonnes, coke will decrease by 1%, to 9.541 million tonnes, but production of refractories will increase – by 9%, to 240,000 tonnes.
Sinter output may increase by 4% – up to 33.158 million tonnes.
As reported, over the ten months of this year, the enterprises produced 27.875 million tonnes of sinter (106.1% against January-October 2020), 8.003 million tonnes of 6% moisture coke (at the level of last year), 17.724 million tonnes of pig iron (105%), 17.903 million tonnes of steel (105.5%), 15.986 million tonnes of rolled products (105.4%), and 820,000 tonnes of pipe products (115.9%).

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