Business news from Ukraine

UKRAINE INCREASES STEEL OUTPUT BY 3.6% IN JAN, BEING TENTH IN WORLDSTEEL RANKING

24 February , 2016  

KYIV. Feb 24 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in January 2016 increased steel production by 3.6% compared to January 2015, to 1.938 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 fall in steel production in January was recorded in most of the top ten countries, except for Turkey and Ukraine.

The top ten steel makers in January are as follows: China (63.214 million tonnes, a drop of 7.8%), Japan (8.772 million tonnes, a drop of 2.8%), India (7.418 million tonnes, a drop of 1.2%), the United States (6.618 million tonnes, a drop of 8.8%), South Korea (5.667 million tonnes, a drop of 4.5%), Russia (5.554 million tonnes, a drop of 10.6%), Germany (3.605 million tonnes, a drop of 2%), Turkey (2.598 million tonnes, a rise of 0.8%), Brazil (2.451 million tonnes, a drop of 17.1%), and Ukraine (1.938 million tonnes, a rise of 3.6%).

In general, in January 2016, the 66 countries produced 127.724 million tonnes of steel, which is 7.1% lower than in January 2015.

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.