Business news from Ukraine

UKRAINE INCREASES STEEL OUTPUT BY 28% IN MARCH, BEING TENTH IN WORLDSTEEL RANKING

21 April , 2016  

KYIV. April 21 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in March 2016 increased steel production by 28.1% compared to March 2015, to 2.173 million tonnes, remaining tenth in the ranking of the 66 world’s major manufacturers of these products, compiled by the World Steel Association (Worldsteel).

A rise in steel production in March was recorded in the half of top ten countries: China, India, the United States, Turkey and Ukraine.

The top ten steel makers in March are as follows: China (70.65 million tonnes, a rise of 2.9%), Japan (8.648 million tonnes, a drop of 6.8%), India (8.059 million tonnes, a rise of 3.4%), the United States (6.748 million tonnes, a rise of 4.9%), Russia (6.012 million tonnes, a drop of 2%), South Korea (5.43 million tonnes, a drop of 8.4%), Germany (3.811 million tonnes, a drop of 1.6%), Turkey (2.173 million tonnes, a rise of 1.3%), Brazil (2.506 million tonnes, a drop of 9.5%), and Ukraine (2.173 million tonnes, a rise of 28.1%).

In general, in March 2016, the 66 countries produced 137.322 million tonnes of steel, which is 0.5% lower than in March 2015.

The top ten steel makers in January-March 2016 includes: China (192.01 million tonnes, a drop of 3.2%), Japan (25.77 million tonnes, a drop of 3.6%), India (22.913 million tonnes, a rise of 1.8%), the United States (19.628 million tonnes, a drop of 1.3%), Russia (17.224 million tonnes, a drop of 5.2%), South Korea (16.176 million tonnes, a drop of 4.3%), Germany (10.782 million tonnes, a drop of 2.5%), Turkey (7.697 million tonnes, a rise of 1.9%), Brazil (7.392 million tonnes, a drop of 12.3%), and Ukraine (6.082 million tonnes, a rise of 18%).

In general, in January-March 2016, the 66 countries produced 385.671 million tonnes of steel, which is 3.6% lower year-over-year.

As reported, in 2015, the top ten steel makers included China (803.83 million tonnes, a drop of 2.3%), Japan (105.152 million tonnes, a drop of 5%), India (89.582 million tonnes, an increase of 2.6%), the United States (78.916 million tonnes, a drop of 10.5%), Russia (71.114 million tonnes, a drop of 0.5%), South Korea (69.673 million tonnes, a drop of 2.6%), Germany (42.678 million tonnes, a drop of 0.6%), Brazil (33.245 million tonnes, a drop of 1.9%), Turkey (31.517 million tonnes, a drop of 7.4%), and Ukraine (22.933 million tonnes, a drop of 15.6%).

In 2015, the 66 countries produced 1.599 billion tonnes of steel, which is 2.9% lower than in 2014.