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Photo – Scrap collection in Ukraine will increase by only 15%: overview for 2024

In the conditions of post-war economic recovery, the role of scrap for the steel industry will inevitably increase

Photo – Dry bulk prices show volatility at the beginning of the year
Dry bulk prices show volatility at the beginning of the year

The shipping crisis in the Red Sea affects global trade, but has not yet significantly affected the transportation of steel products

Photo – State and prospects of trade in steel products Ukraine-Turkiye
State and prospects of trade in steel products Ukraine-Turkiye

Turkish supplies accounted for almost 40% of all imports of steel products in 2023

Photo – How the Ukrainian steel industry passed the test of strength in 2023
How the Ukrainian steel industry passed the test of strength in 2023

Despite all the difficulties, production of crude steel and steel finished products remain stable

Photo – Infrastructure restoration supported steel demand in Ukraine in 2023
Infrastructure restoration supported steel demand in Ukraine in 2023

Domestic steel consumption, taking into account imports, is approximately 3.5 million tons in 2023

Photo – Border blockade had an extremely negative impact on the steel industry and steel trade
Border blockade had an extremely negative impact on the steel industry and steel trade

Losses for just one enterprise in the industry exceed $20 million per month

Photo – Electricity prices in Europe returned to 2021 levels last year
Electricity prices in Europe returned to 2021 levels last year

This trend was facilitated by the fall in the cost of gas, the decrease in demand and the growth of generation from renewable sources

Photo – Zaporizhstal showed the highest industry utilization level in 2023
Zaporizhstal showed the highest industry utilization level in 2023

With an average load of 70% in 2023, the steel mill increased its steel production by 65%

Photo – Analysts expect global GDP growth of 2.1-2.9% in 2024
Analysts expect global GDP growth of 2.1-2.9% in 2024

Next year we can expect looser monetary policy, reduced inflation and high uncertainty

Photo – Ukraine’s economy is forecast to grow by 3-5% in 2024
Ukraine’s economy is forecast to grow by 3-5% in 2024

Next year steel production may reach 7.2-7.5 million tons

Photo – ArcelorMittal Poland: Polish division cuts capacity
ArcelorMittal Poland: Polish division cuts capacity

During the pandemic, blast furnace and steel production in Krakow was closed, and from 2024 the coke battery at this enterprise will be decommissioned

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