Average salaries in the steel industry increased by 3.5% in May

In May 2020, average salaries at steelmaking companies increased by 3.5% to ₴15.7 thousand against April. The highest dynamics was recorded at non-ferrous companies, an 8.1% increase to ₴10.6 thousand, according to the Trade Union of Metallurgists and Miners of Ukraine (TUMMU).

The growth in average salaries was reported at all companies of the mining & metals sector, save mining ones.

In May 2020, average salaries in the mining & metals sector were as follows:

  • iron and steel industry — ₴17.6 thousand (+2.7%);
  • coke industry — ₴20.6 thousand (+3.9%);
  • mining industry — ₴17.7 thousand (-2.5%);
  • pipe industry — ₴13 thousand (+4.9%).

In March, the average salary in industry was ₴11.8 thousand (+3.3%) against Ukraine’s average of ₴10.5 thousand (+1.1%).

As GMK Center reported earlier, salaries in the mining & metals sector in 2019 were up by an average of 25–30%. Salaries of employees of coke plants were the highest last year, whereas those of employees of pipe and ferroalloy companies were the lowest.

Share
Published by
Aleksandr
Tags: iron and steel industry of Ukraine salaries Ukraine’s iron and steel industry
  • Industry

Ukraine reduced rolled steel production by 11.8% y/y in May

In May 2025, Ukrainian steel enterprises reduced production of commercial rolled steel by 4% compared…

Friday June 6, 2025
  • Global Market

World scrap prices continue to stagnate in early June

At the beginning of June 2025, the global scrap market demonstrates overwhelming price stability after…

Friday June 6, 2025
  • Companies

Rio Tinto and Baowu officially open Western Rang mine

The Australian-British mining group Rio Tinto has announced the official opening of its new Western…

Friday June 6, 2025

US CBAM could generate up to $200 billion in revenue within five years – study

The U.S. mechanism for cross-border carbon adjustment could raise up to $200 billion over five…

Friday June 6, 2025
  • Global Market

EU steel imports down 9% y/y in Q1 – EUROFER

In the first quarter of 2025, steel imports to the European Union declined slightly, but…

Friday June 6, 2025
  • Companies

Cleveland-Cliffs cancels hydrogen-based steel project in Ohio

American steelmaker Cleveland-Cliffs has officially canceled its hydrogen-based steel project in Middletown, Ohio. This is…

Friday June 6, 2025