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.