Ukraine increased crude steel production by 8.5% in August

According to the World Steel Association, crude steel production in Ukraine increased by 8.5% to 1.9 million tons in August compared to the same month in 2018, thus raising the country from the 13th to the 11th position in the list of top 64 steelmaking countries in the world.

In the first eight months of 2019, Ukraine increased crude steel production by 4.7% to 14.7 million tons compared to January — August 2018.

World crude steel production in the 64 steelmaking countries was 156.0 million tons in August 2019, a 3.4% increase compared to the same month in 2018.

  • China’s crude steel production in August was 87.3 million tons, up 9.3%.
  • The U.S. also increased crude steel production — by 0.3% to 7.5 million tons.
  • Japan decreased crude steel production — by 7.8% to 8.1 million tons.
  • South Korea’s crude steel production also dropped — by 2.6% to 5.9 million tons.
  • Italy decreased crude steel production by 26.7% to 0.9 million tons.
  • Brazil also showed a decline — by 13.4% to 2.5 million tons.
  • So did Turkey — a 12.4% drop to 2.6 million tons.

According to Ukrmetallurgprom, Ukrainian metals and mining companies increased steel production by 4.8% to 14.7 million tons compared to the same period of the previous year.

  • Global Market

India considers increasing protective duty on steel imports to 24%

The Indian government is assessing the possibility of raising the safeguard duty on steel to…

Tuesday June 3, 2025
  • Global Market

Iron ore prices fell by 2% last week

Last week, from May 24 to 31, 2025, global iron ore prices showed a downward…

Tuesday June 3, 2025
  • Industry

Cargo owners have identified key problems when working with Ukrainian Railways

The biggest problems of cargo owners during rail transportation are the inflexibility of pricing by…

Tuesday June 3, 2025
  • Global Market

EU may speed up tariffs in response to US duties

The European Union is preparing for another round of trade talks with the United States.…

Tuesday June 3, 2025
  • State

Hetmantsev advocates currency liberalization of the National Bank

Currency restrictions imposed by the National Bank of Ukraine (NBU) should be gradually adapted to…

Tuesday June 3, 2025
  • Global Market

Eurozone inflation slowed to 1.9% in May

Inflation in the euro area in May 2025 increased by 1.9% compared to the same…

Tuesday June 3, 2025