Ukraine’s rail car building consumed around 160 thousand tons of steel

According to GMK Center analysts, in January — September, Ukraine’s rail car building consumed 34 thousand tons of cast products and over 160 thousand tons of rolled products.

The State Statistics Service reported that production of freight cars in Ukraine increased by 5.8%, up to 7,685 units, over 8 months. According to the results of January — September, provided that the trend persists, this indicator will not exceed 8.5 thousand units.

Making one open wagon takes about 19 tons of rolled steel products and 4 tons of cast products Moreover, rail cars are mainly made of Ukrainian steel materials and parts.

“Production of freight cars is highly localized, by over 95%,” said Andriy Zharyi, CEO of Aurum Group, an industrial and investment company. “Any change in the output has a high cumulative impact on the country’s economy and GDP.”

Mr Zharyi explained that the multiplier of investment in freight rolling stock for Ukraine’s economy is 2.5–3. This means that ₴1 invested in the purchase of a new Ukraine-made freight car makes ₴3 and, thus, contributes to the growth of the national economy.

Hence, production of one thousand Ukraine-made cars means consumption of around 25 thousand tons of rolled and other steel products.

Consequently, an increase or decrease in the output of the car building sector leads to an increase or decrease in the consumption of steel products respectively.

  • Industry

Ukraine reduced rolled steel production by 11.8% y/y in May

In May 2025, Ukrainian steel enterprises reduced production of commercial rolled steel by 4% compared…

Friday June 6, 2025
  • Global Market

World scrap prices continue to stagnate in early June

At the beginning of June 2025, the global scrap market demonstrates overwhelming price stability after…

Friday June 6, 2025
  • Companies

Rio Tinto and Baowu officially open Western Rang mine

The Australian-British mining group Rio Tinto has announced the official opening of its new Western…

Friday June 6, 2025

US CBAM could generate up to $200 billion in revenue within five years – study

The U.S. mechanism for cross-border carbon adjustment could raise up to $200 billion over five…

Friday June 6, 2025
  • Global Market

EU steel imports down 9% y/y in Q1 – EUROFER

In the first quarter of 2025, steel imports to the European Union declined slightly, but…

Friday June 6, 2025
  • Companies

Cleveland-Cliffs cancels hydrogen-based steel project in Ohio

American steelmaker Cleveland-Cliffs has officially canceled its hydrogen-based steel project in Middletown, Ohio. This is…

Friday June 6, 2025