The Ukrainian Lime Industry Association (ULIA) predicts a drop in limestone consumption from 14.9 million tons in 2019 to 14 million tons in 2020, according to ULIA analytics.
“The steel industry as a major consumer shows a sharp slowdown in the recent months of 2019. In fact, several steelmaking companies (for example, Dniprovskyi Iron and Steel Works and Dnipro Metallurgical Plant) were completely or partially suspended,” the ULIA emphasized.
The share of the steel industry in the structure of limestone consumption is expected to decline from 66% in 2019 to 65% in 2020. The volume of limestone consumption in the mining & metals sector will decrease from 9.8 million tons to 9.1 million tons.
As reported earlier, Ukrmetallurgprom forecasts a 37% decrease in steel production in December 2019 against December of the previous year, down to 1.2 million tons. In 2019, the steel industry is expected to demonstrate the worst production results in the history of independent Ukraine.
A slowdown is also expected in industrial segments related to the mining & metals sector. Specifically, the Ukrainian Association of Founders lowered its forecast for production of cast products in 2019 from 800 to 600 thousand tons.
Global decarbonization is turning electrical steel into one of the key products of China's ferrous…
The United Arab Emirates (UAE) and Oman have signed an investment agreement worth AED 117…
In January-February 2024, Germany increased its imports of rolled steel products from third countries by…
Belgian steelmakers reduced steel production by 5.7% in March 2024 compared to March 2023, to…
In 2023 Ferrexpo, the London listed iron ore company with assets in Ukraine, emitted 384…
In 2023 Ferrexpo, the London listed iron ore company with assets in Ukraine, recorded zero…