Salaries in the iron and steel segment grew 14.3% in August

In August 2021, average salaries in Ukraine’s iron and steel segment grew by 14.3% to ₴23.3 thousand against the previous month, according to the statistics presented by the Trade Union of Metallurgists and Miners of Ukraine (TUMMU).

In general, average salaries in the mining & metals sector of Ukraine slightly decreased in most segments in August, specifically:

• coke industry — ₴17.1 thousand (-22.4% compared to July);
• pipe industry — ₴15.4 thousand (-0.6%);
• mining industry — ₴19.9 thousand (-6.3%);
• non-ferrous metals industry — ₴12.7 thousand (-0.3%);
• entire steel industry — ₴20.5 thousand (+10.7%).

Compared to August 2020, salaries in the mining and coke industries grew by 11.2% and 9% respectively. Salaries in the iron and steel and non-ferrous metals segments rose by 33.1% and 20.9% respectively, while the pipe industry showed a 15.8% increase.

According to the information provided by the State Statistics Service of Ukraine, in August, the average salary in industry was ₴15.1 thousand (-1.2%) against Ukraine’s average of ₴14.0 thousand (-2.4%). Salaries in construction grew by only 0.2% to ₴11.9 thousand. In mechanical engineering, incomes fell by 3.4% to ₴13.4 thousand, in energy by 1.7% to ₴19.2 thousand.

As reported earlier, in 2020, average salaries in Ukraine’s mining & metals sector of Ukraine increased in almost all segments against 2019.  The average salary in the steel industry increased by 3.1% over the year, while salaries at pipe and non-ferrous metals companies slightly decreased.