(c) shutterstock
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.
Global coking coal prices rose in June; however, this momentum was lost by the end…
The appointment of Brandon Craig as Chief Executive of mining giant BHP, effective 1 July,…
Metinvest Group has signed a new seven-year loan agreement worth €20 million with the Black…
In the first quarter of 2026, the European Union saw its total steel imports fall…
The Board of Directors of US Steel has approved full funding for the project to…
The Australian investment bank Macquarie expects iron ore prices to remain stable due to rising…