Business news from Ukraine

UKRAINE TO INCREASE STEEL OUTPUT BY 6% IN 2021

Ukrainian metallurgical enterprises are expected to increase steel production by 6% by the end of 2021 year-over-year, to 21.894 million tonnes.
According to the background documents of the Economy Ministry, which are available to Interfax-Ukraine, the production of general rolled products will increase by 5%, to 19.411 million tonnes, cast iron smelting by 6%, to 21.727 million tonnes.
The forecast is based on production indicators for January-June 2021, summarized by the Ukrmetallurgprom association, the ministry said.
At the same time, the agency’s source said that if the existing trends continue, the supply of scrap metal to metallurgical enterprises in 2021 will increase by 14%, to 3.31 million tonnes.
The output of pipes in 2021 may increase by 12%, to 957,000 tonnes, coke by 3%, to 9.927 million tonnes, firebricks by 9%, to 240,000 tonnes (119,000 tonnes were produced over six months of 2021, growth is 9%).
Sinter output may increase by 7%, to 34.207 million tonnes.

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METALLURGICAL ENTERPRISES OF UKRAINE INCREASE ELECTRICITY AND GAS CONSUMPTION

Metallurgical enterprises of Ukraine in January-May this year increased consumption of natural gas by 8.8% compared to the same period last year, to about 800 million cubic meters.
According to an information note of the Ukrmetalurgprom association, electricity consumption by metallurgical enterprises during this period amounted to about 4.74 billion kWh (104.2% compared to January-May 2020).
As reported, metallurgical enterprises of Ukraine in 2020 increased consumption of natural gas by 4.4% compared to the previous year, to 1.88 billion cubic meters, and electricity consumption by metallurgical enterprises during this period amounted to about 11.1 billion kWh (99.4% versus 2019).

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UKRAINIAN METALLURGICAL ENTERPRISES INCREASE STEEL OUTPUT BY 8% IN JAN-MAY

Ukrainian metallurgical enterprises increased the production of general rolled products, according to recent data, by 7.9% in January-May this year compared to the same period last year, to 8,016 million tonnes.
According to the report of the Ukrmetalurgprom association, in the first five months of the year steel production grew by 8.3%, to 8.986 million tonnes, while cast iron output increased 9.1%, to 8.903 million tonnes.
In May, 1.626 million tonnes of rolled metal, 1.85 million tonnes of steel, and 1.83 million tonnes of cast iron were produced.
As reported, in 2020, Ukrainian metallurgical enterprises increased the production of general rolled products by 0.7% compared to the previous year, to 18.344 million tonnes, reduced steel output by 1.4%, to 20.549 million tonnes and increased cast iron production by 1.5%, to 20.358 million tonnes.

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UKRAINE INCREASES PRODUCTION OF STEEL BY 7%

Ukrainian metallurgical enterprises in January-April this year have increased the production of general rolled products, according to operational data, by 7.4% compared to the same period last year – up to 6.414 million tonnes.
In the first four months of the year steel production has increased by 7.2% – up to 7.138 million tonnes, pig iron – by 9.1% – up to 7.075 million tonnes, the association Ukrmetalurgprom said on Thursday.
In April, 1.680 million tonnes of rolled products, 1.847 million tonnes of steel, 1.762 million tonnes of pig iron were produced, while in the previous month – 1.575 million tonnes of rolled products, 1.779 million tonnes of steel, and 1.805 million tonnes of pig iron.

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UKRAINE INCREASES EARNING FROM EXPORT OF FERROUS METALS BY 30% IN Q1

Metallurgical enterprises of Ukraine in January-March 2021 increased receipts from exports of ferrous metals by 29.7% compared to the same period last year, to $2.670 billion.
According to updated statistics released by the State Customs Service on Friday, ferrous metals accounted for 19.44% of total receipts from the export of goods during this period versus 16.79% in the first three months of 2020.
In March, revenues from exports of ferrous metals amounted to $1.160 billion.
At the same time, Ukraine in January-March 2021 reduced imports of similar products by 3.9%, to $214.215 million. In March, this figure was $92.685 million.
In addition, Ukraine in January-March 2021 increased the export of metal products by 10.4%, to $236.069 million. In March, metal products for $ 95.530 million were delivered.
During this period, the import of metal products increased by 6.5%, to $209.229 million. In March, metal products for $83.853 million were imported.

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UKRAINE CUTS STEEL OUTPUT BY 5.9%

Ukraine’s metallurgical enterprises in October 2020 reduced steel production by 5.9% compared to the same period in 2019, to 1.653 million tonnes, ranking 14th among 64 countries, the world’s main producers of these products compiled by the World Steel Association (Worldsteel).
In October, a rise in steel production from October 2019 was recorded in most of the top ten countries, except for Japan, the United States and South Korea.
The top ten steel producing countries in October are as follows: China (92.202 million tonnes, an increase of 12.7%), India (9.058 million tonnes, a drop of 0.9%), Japan (7.2 million tonnes, a drop of 11.7%), the United States (6.143 million tonnes, a drop of 15.3%), Russia (6.05 million tonnes, 4.3% up), South Korea (5.859 million tonnes, 1.8% down), Germany (3.417 million tonnes, 3.1% up), Vietnam (3.372 million tonnes, an increase of 111.5%), Turkey (3.208 million tonnes, an increase of 19.4%), and Brazil (2.784 million tonnes, an increase of 3.5%), and
They are followed by Iran (2.66 million tonnes, an increase of 27.9%), Italy (2.119 million tonnes, a drop of 4.6%), Taiwan (1.66 million tonnes, a decrease of 3.1%), Ukraine (1.653 million tonnes, a decrease of 5.9%), and Mexico (1.47 million tonnes, 1.1% up).
In October, 64 countries produced 161.89 million tonnes of steel, which is 7% more than in October 2019.
In January-October 2020, 64 countries produced 1.511 billion tonnes of steel, which is 2% less than a year ago.

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