Business news from Ukraine


12 July , 2018  

Ukrainian metal and mining enterprises in January-June 2018 boosted rolled steel output by 5% year-over-year, to 9.247 million tonnes. According to the Ukrmetalurgprom association, steel smelting grew by 1%, to 10.347 million tonnes, and cast iron output increased by 8%, to 10.151 million tonnes. The production figures of enterprises in January-June 2018 were higher in comparison with the same period in 2017 not taking into account two months of work of the enterprises in the Ukrainian government’s uncontrolled area: rolled steel output grew by 10%, steel – by 5%, and cast iron – by 14%.
In June 2018, Ukrainian metal companies produced 1.631 million tonnes of cast iron (103% to the previous month), 1.669 million tonnes of steel (98%), and 1.524 million tonnes of rolled steel (98%).
“Despite the loss of a part of assets located in the uncontrolled area, the metal and mining enterprises in the territory controlled by the government in H1, 2018, increased the production of cast iron, steel and rolled steel to the results which are higher than in the same period last year,” the association said.
As reported, Ukrainian metal and mining enterprises in 2017, taking into account the two months of operation of the enterprises on the government uncontrolled areas, reduced steel output by 12% year-over-year, to 21.284 million tonnes, rolled steel – by 14%, to 18.439 million tonnes, and cast iron – by 15%, to 20.035 million tonnes,
In 2016, Ukraine boosted steel output by 6% year-over-year, to 24.2 million tonnes, cast iron – by 8%, to 23.6 million tonnes, and rolled steel – by 6%, to 21.4 million tonnes.