The mining segment of Ukraine’s mining & metals sector became one of the drivers of industrial production
According to the State Statistics Service of Ukraine, mining of iron ores increased by 9.2% across the country in August compared to the same period of the previous year, while industrial production decreased by 1.6%.
Therefore, the growth pace in the iron ore mining segment exceeded the pace of industrial production by 10.8 percentage points.
At the same time, steelmaking and production of finished metal products shrank in August by 3.2%.
In the first eight months of 2019, industrial production in Ukraine increased by 0.1% compared to the same period a year earlier.
In January to August, the metals & mining sector of Ukraine increased iron ore mining by 3.8%, while steelmaking and production of finished metal products increased by 2.7%.
|Type of product||Volume||%, 8 months of 2019 to 8 months of 2018|
|agglomerated iron ores||108 million tons||-0.5|
|non-agglomerated iron ore concentrates||42.4 million tons||5.1|
|agglomerated iron ore concentrates||36 million tons||16|
|limestone, limestone flux and other calciferous stone used for the manufacture of lime and cement||4.4 million tons||20.8|
|steelmaking pig iron and spiegeleisen||13.7 million tons||0.8|
|semi-finished flat products of non-alloy steel||6.4 million tons||2.4|
|blocks and primary forms, semi-finished products used for the manufacture of seamless pipes of non-alloy steel||4.6 million tons||4.7|
|seamless casing, tubing and drill pipes for drilling oil and gas wells||283 thousand tons||-17.6|
|seamless round tubes and pipes||225 thousand tons||8.9|
According to GMK Center, in the first half of 2019, industrial production in Ukraine increased by 0.5% compared to the same period of the previous year. In the first six months, production in the metals & mining sector increased in the following segments: iron ore mining — 2.7%, steelmaking and production of finished metal products — 1.8%.
In 2018, industrial production in Ukraine grew by 1.1%.