Business news from Ukraine

UKRAINE STEEL OUTPUT INCREASES BY 6.4% IN OCT, RETURNS TO TOP TEN IN WORLDSTEEL RANKING

23 November , 2015  

KYIV. Nov 23 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in October 2015 saw steel production rise by 6.4% compared with October 2014, to 2.055 million tonnes, and the country climbed from 11th to 10th in the ranking of the 66 countries that are the world’s major manufacturers of steel, compiled by the World Steel Association (Worldsteel).

Steel production in October fell in the most of the top ten states, except for India, Germany, Turkey and Ukraine.

The top ten steel producing countries in October were China (66.124 million tonnes, a fall of 3.1%), Japan (9.003 million tonnes, a drop of 3.8%), India (7.5 million tonnes, a rise of 4.9%), the United States (6.739 million tonnes, a drop of 8.8%), South Korea (5.83 million tonnes, a fall of 5.6%), Russia (5.678 million tonnes, a decline of 2.4%), Germany (3.638 rise of 2%), and Ukraine (2.055 million tonnes, a rise of 6.4%).

In October 2015, the 66 countries produced 133.64 million tonnes of steel, which is 3.1% less than in October 2014.

In January- October 2015, the top ten steel producing countries were China (675.104 million tonnes, a fall of 2.2%), Japan (87.815 million tonnes, a drop of 5.1%), India (75.075 million tonnes, growth of 3.3%), the United States (67.243 million tonnes, a drop of 8.8%), Russia (59.307 million tonnes, a decline of 0.2%), South Korea (57.672 million tonnes, a drop of 3.6%), Germany (36.208 million tonnes, a rise of 0.3%), Brazil (28.236 million tonnes, a decline of 1.3%), Turkey (26.554 million tonnes, a drop of 6.9%), and Ukraine (19.148 million tonnes, a drop of 18.3%).

In general, during the first ten months of 2015, the 66 countries manufactured 1.346 billion tonnes of steel, which is 2.5% less than in the same period in 2014.