Business news from Ukraine

METINVEST RANKS 42ND AMONG WORLD STEEL PRODUCERS

Metinvest, the largest Ukrainian mining and metallurgical holding, in 2018 ranked 42nd in the list of the world’s largest steel producers with a volume of 9.37 million tonnes compared to the 42nd place in 2017 with a volume of 9.59 million tonnes of steel, the 37th place in 2016 with 10.34 million tonnes of steel, the 40th place in 2015 with 9.65 million tonnes, and the 33th place in 2014 with 11.18 million tonnes.
According to the rating announced by the World Steel Association (Worldsteel), ArcelorMittal remained the largest steel maker last year with a production volume of 96.42 million tonnes (97.03 million tonnes in 2017).
There are no Ukrainian companies, except for Metinvest, in the list of the 50 largest world steel producers in 2018, as well as in 2017, 2016, 2015, and 2014. The Industrial Union of Donbas Corporation (ISD), which ranked 44th in 2013 with a production volume of 7.9 million tonnes, in 2014, 2015, 2016, 2017 and 2018 dropped out of the leaderboard.

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