Business news from Ukraine

UKRAINIAN METINVEST RANKS 45TH IN LIST OF WORLD LARGEST STEEL PRODUCERS

Metinvest, the largest Ukrainian mining and metallurgical holding, in 2020 ranked 45th in the list of the world’s largest steel producers with a volume of 10.16 million tonnes compared to the 42nd place in 2017-2019, when it produced 9.59 million tonnes, 9.37 million tonnes and 9.58 million tonnes, respectively.
According to the annual compilation published by the World Steel Association (Worldsteel), China Baowu Group became the largest steel company last year with 115.29 million tonnes, and ArcelorMittal dropped to the second place from the first position with 78.46 million tonnes.
They are followed by Shagang Group with 41.59 million tonnes, Nippon Steel with 41.58 million tonnes, HBIS Group with 43.76 million tonnes, and POSCO with 40.58 million tonnes.
There are no Ukrainian companies in the list of the 50 largest world steel producers in 2020, as well as in 2014-2019, except for Metinvest. Industrial Union of Donbas corporation (ISD), which ranked 44th in 2013 with a production volume of 7.9 million tonnes, dropped out of the list of leaders.
According to Worldsteel, Ukraine produced 20.6 million tonnes of steel in 2020 and ranked 12th.

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