Business news from Ukraine

METALLURGICAL ENTERPRISES OF UKRAINE REDUCES STEEL PRODUCTION IN JAN-APR BY 46%

Metallurgical enterprises of Ukraine in January-April this year reduced steel production by 45.9% compared to the same period last year – to 3.858 million tonnes. According to the recent information of the Ukrainian Association of Secondary Metals (UAVtormet), in April, only one steel plant produced steel.

“Insignificant volumes of steel production were shown by some foundry enterprises,” the information of UAVtormet says.

In addition, it is reported that ferrous scrap enterprises for the four months of 2022 reduced procurement of scrap metal by 50.4% compared to the same period in 2021, to 620,100 tonnes.

The export of scrap metal for the specified period amounted to 7,100 tonnes, which is 12.3 times less compared to the four months of 2021 (87,000 tonnes). At the same time, scrap imports amounted to 100 tonnes, while in January-April 2021 – 7,800 tonnes.

The supply of scrap to the country’s steel enterprises in January-April 2022 decreased by 47.1% compared to January-April 2021, to 583,500 tonnes. The total volume of scrap metal supplies in April amounted to 52,500 tonnes.

The level of scrap metal stocks at steel enterprises as of May 1, 2022 is estimated at 60,000 tonnes.

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METALLURGICAL ENTERPRISES OF UKRAINE IN 2021 INCREASE EARNINGS FROM EXPORT OF FERROUS METALS BY 81.4%

Metallurgical enterprises of Ukraine in 2021 increased revenues from the export of ferrous metals by 81.4% compared to 2020, to $13.951 billion.
According to the updated statistics released by the State Customs Service on Friday, ferrous metals accounted for 20.49% of total merchandise export earnings over this period, compared to 15.63% in 2020.
In December, proceeds from the export of ferrous metals amounted to $1.34 billion.
At the same time, Ukraine increased imports of ferrous metals by 48.8% in 2021, to $1.547 billion. In December, this figure was $140.660 million.
In addition, in 2021, Ukraine increased the export of metal products by 43%, to $1.293 billion. In December, metal products for $128.729 million were delivered.
Imports of metal products over the past year grew by 28%, to $1.126 billion. In December, metal products for $116.609 million were imported.
As reported, Ukrainian steel enterprises in 2020 reduced revenues from the export of ferrous metals by 12% compared to the previous year, to $7.69 billion. At the same time, Ukraine in 2020 reduced imports of ferrous metals by 17%, to $1.04 billion.
In addition, Ukraine in 2020 reduced the export of metal products by 13.2%, to $904.533 million. Over the year, imports of metal products fell by 20%, to $879.687 million.

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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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