Business news from Ukraine

UKRAINE BOOSTS STEEL OUTPUT BY 10.5% IN JULY, RETURNING TO TOP TEN STEELMAKERS – WORLDSTEEL

23 August , 2016  

KYIV. Aug 23 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in July 2016 boosted steel output by 10.5% compared to July 2015, to 2.065 million tonnes, climbing from 11th to 10th place in the ranking of the world’s 66 major steel manufacturers, compiled by the World Steel Association (Worldsteel).

A rise in steel production in July was recorded in most of the top ten countries, apart from the United States, Germany and Brazil.

The top ten steelmaking countries in July were as follows: China (66.807 million tonnes, a 2.6% increase), Japan (8.886 million tonnes, an increase by 0.5%), India (8.082 million tonnes, an increase by 8.1%), the United States (6.877 million tonnes, a decline by 2.2%), Russia (6.131 million tonnes, an increase by 0.9%), South Korea (6.009 million tonnes, an increase by 1.5%), Germany (3.393 million tonnes, a decrease by 6.1%), Brazil (2.705 million tonnes, a decrease by 6%), Turkey (2.661 million tonnes, an increase by 6.5%), and Ukraine (2.065 million tonnes, an increase by 10.5%).

In general, in July 2016, the 66 countries produced 133.742 million tonnes of steel, which was 1.4% up on July 2015.

The top ten steel makers in January-July 2016 included: China (466.516 million tonnes, a decline by 0.5%), Japan (60.935 million tonnes, a decline by 0.8%), India (54.958 million tonnes, an increase by 4.8%), the United States (46.932 million tonnes, a decline by 0.2%), Russia (41.398 million tonnes, a decline by 0.8%), South Korea (39.368 million tonnes, a decline by 2.7%), Germany (25.252 million tonnes, a decline by 2%), Turkey (19.152 million tonnes, an increase by 3.6%), Brazil (17.572 million tonnes, a decline by 12%), and Ukraine (14.477 million tonnes, an increase by 10.3%).

In general, the 66 countries produced 929.633 million tonnes of steel in the seven months of this year, which was 1.2% down year-over-year.