The Ministry of Economy expects a 6% increase in steel production in 2021

In 2021, Ukrainian steelmakers will increase production of steel and pig iron by 6% to 21.9 and 21.7 million tons respectively against 2020, according to the Ministry of Economy’s forecast based on production statistics from Ukrmetallurgprom, Interfax-Ukraine reported.

Production of rolled products is projected at the level of 19.4 million tons, 5% up from 2020.

If the current trends remain, scrap supplies to steel companies will grow by 14% to 3.31 million tons.

Pipe production will grow by 12% to 957 thousand tons, coke by 3% to 9.93 million tons, and refractory products by 9% to 240 thousand tons. Production of sinter ore will increase by 7% to 34.21 million tons.

As GMK Center reported earlier, in 2020, companies of Ukraine’s mining & metals sector decreased steel production by 1.1% to 20.62 million tons, while production of pig iron increased by 1.8% to 20.42 million tons, and rolled products by 1.2% to 18.43 million tons against 2019.