(c) shutterstock.com

Steelmakers invested ₴16.4 billion in production development in 9M

In January–September 2021, capital investment in steel production and production of finished metal products increased by 37.6% to ₴16.4 billion compared to the same period of the previous year, according to the State Statistics Service.

In 9M 2021, total capital investment in the industrial sector grew by 21.5% to ₴122.6 billion y-o-y.

The share of steel production and production of metal products in the total volume of capital investment within the industrial sector totaled 13.4% in this period.

Mining and metals companies invested in the mining industry, among other things. From January to September, investment in this sector went up 17.8% to ₴37.7 billion. Their share in the total volume of industrial capital investments was 30.7%.

As reported earlier, the volume of capital investment in steel production and production of finished metal products in 2020 declined by 52.6% to ₴18.8 billion compared to 2019, according to the State Statistics Service of Ukraine. Capital investment in the mining industry fell by 53% to ₴44.8 billion.