Production of steel and finished metal products over the month has remained at the level of the previous year
In October, production of steel and finished metal products fell by 1.5%, but mining of iron ores increased by 0.2% compared to the previous month. Compared to the same month of the previous year, the output in the steel industry remained flat, while the volumes of ore mining fell by 3%.
With adjustment for the effect of calendar days, the growth in industrial production in October was more significant — 2.2%. Compared to September 2021, the non-adjusted indicator grew by 7.8%, whereas the seasonally adjusted indicator grew by 1.9%.
In January–October, industrial production in Ukraine increased by 1.4% y-o-y.
In 10M, production of steel and finished metal products increased by 5.6%, and mining of iron ores by 3.8%, y-o-y.
In 2020, industrial production in Ukraine declined by 5.2% against 2019. Last year, production of steel and finished metal products decreased by 9.1%, whereas mining of iron ores by 2.4%.