Business news from Ukraine

UKRAINE TO INCREASE STEEL OUTPUT BY 6% IN 2021

19 July , 2021  

Ukrainian metallurgical enterprises are expected to increase steel production by 6% by the end of 2021 year-over-year, to 21.894 million tonnes.
According to the background documents of the Economy Ministry, which are available to Interfax-Ukraine, the production of general rolled products will increase by 5%, to 19.411 million tonnes, cast iron smelting by 6%, to 21.727 million tonnes.
The forecast is based on production indicators for January-June 2021, summarized by the Ukrmetallurgprom association, the ministry said.
At the same time, the agency’s source said that if the existing trends continue, the supply of scrap metal to metallurgical enterprises in 2021 will increase by 14%, to 3.31 million tonnes.
The output of pipes in 2021 may increase by 12%, to 957,000 tonnes, coke by 3%, to 9.927 million tonnes, firebricks by 9%, to 240,000 tonnes (119,000 tonnes were produced over six months of 2021, growth is 9%).
Sinter output may increase by 7%, to 34.207 million tonnes.

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