Business news from Ukraine

UKRAINE INCREASES OUTPUT OF STEEL BY 38% IN APRIL

24 May , 2021  

World crude steel production in April this year grew by 23.3% year-on-year, to 169.5 million tonnes, according to a press release from the World Steel Association (Worldsteel).
Based on the results of the work of metallurgical enterprises in April 2021, Ukraine increased steel production by 37.8% compared with April 2020, to 1.845 million tonnes, climbing from 13th to 14th place in the ranking of 64 countries – the world’s main producers of these products compiled by Worldsteel.
In April, an increase in steel production was recorded compared with April last year in all countries of the top ten.
The top ten steel-producing countries in April 2021 are as follows: China (97.850 million tonnes, a rise of 13.4% on April 2020), India (8.3 million tonnes, a rise of 152.1%), Japan (7.817 million tonnes, a rise of 18.9%), the United States (6.896 million tonnes, a rise of 43%), Russia (6.5 million tonnes, a rise of 15.1%), South Korea (5.860 million tonnes, a rise of 15.4%), Germany (3.361 million tonnes, a rise of 31.5%), Turkey (3.290 million tonnes, a rise of 46.6%), Brazil (3.073 million tonnes, a rise of 59.3%) and Iran (2.470 million tonnes, a rise of 6.4% ).
They are followed by Italy (2.056 million tonnes, a rise of 78.9%), Taiwan (China, 1.915 million tonnes, a rise of 9.1%), Vietnam (1.880 million tonnes, a rise of 77.4%), Ukraine (1.845 million tonnes, a rise of 37.8%) and Mexico (1.610 million tonnes, a rise of 21%).
In total, 64 countries produced 662.780 million tonnes of steel in January-April 2021, which is 13.7% more than in the same period last year.

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