Iron & steel companies capital investments up 33% in 2021

Last year mining companies invested $948.7 million, metallurgical companies $875.4 million

Overall volume of Ukrainian iron & steel companies’ capital investments in 2021 increased by 32.7% y-o-y to $1.82 billion . It’s indicated by the data of the State Statistics Service.

In particular, capital investments growth in the metal industry in dollar terms amounted 36.7% – to $875.4 million.

In the metal ore mining growth amounted to 29.2% – up to $948.7 million.

In iron ore mining the amount of investments amounted to $918.6 million, nonferrous metals ore mining – $30 million.

In 2020 Ukrainian iron & steel companies’ capital investments decreased in the metal industry by 40.8%, to $640.2 million, in the mining industry – by 11.8% y-o-y, to $734.2 million. The overall decline in the industry was 28.2% – to $1.37 million.

According to GMK Center estimates, during 2010-2020 average annual volume of iron & steel companies’ capital investments was $2 billion.