Business news from Ukraine

UKRAINE INCREASES STEEL OUTPUT BY 5.7% IN MAY, BEING TENTH IN WORLDSTEEL RANKING

22 June , 2016  

KYIV. June 22 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in May 2016 increased steel production by 5.7% compared to May 2015, to 2.297 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 May was recorded in most top ten countries, apart from Japan, the United States, South Korea and Brazil.

The top ten steel makers in May are as follows: China (70.504 million tonnes, a rise of 1.8%), Japan (8.841 million tonnes, a drop of 0.9%), India (8.044 million tonnes, a rise of 4.9%), the United States (6.82 million tonnes, a decline of 0.4%), Russia (5.952 million tonnes, a rise of 0.4%), South Korea (5.807 million tonnes, a drop of 3.5%), Germany (3.858 million tonnes, a rise of 4%), Turkey (3.041 million tonnes, a rise of 5.4%), Brazil (2.59 million tonnes, a drop of 13.2%), and Ukraine (2.297 million tonnes, a rise of 5.7%).

In general, in May 2016, the 66 countries produced 139.154 million tonnes of steel, which is 0.1% lower than in May 2015.

The top ten steel makers in January-May 2016 includes: China (329.95 million tonnes, a drop of 1.4%), Japan (43.18 million tonnes, a drop of 2%), India (38.599 million tonnes, a rise of 2.4%), the United States (33.072 million tonnes, a drop of 0.2%), Russia (29.159 million tonnes, a drop of 2.8%), South Korea (27.891 million tonnes, a drop of 2.7%), Germany (18.195 million tonnes, a drop of 1%), Turkey (13.624 million tonnes, a rise of 3.4%), Brazil (12.326 million tonnes, a drop of 13.9%), and Ukraine (10.612 million tonnes, a rise of 14.7%).

In general, in January-May 2016, the 66 countries produced 658.227 million tonnes of steel, which is 2.2% 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.