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

Infrastructure restoration supported steel demand in Ukraine in 2023

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

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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

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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

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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%

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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

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

Next year steel production may reach 7.2-7.5 million tons

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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

Ukraine plans to receive UAH 4 billion from the privatization of state property in 2024

The consequences of the war and related problems will likely override the state's ambitions to sell strategic assets in 2024

Квоты ЕС на сталь вступили в силу. Что дальше? © shutterstock.com
How the 12th package of sanctions will affect iron and steel products imports to the EU

Restricting imports of pig iron from Russia is the most important decision in the new sanctions package

A month and a half blockade of Ukraine’s border during the war

The Ukrainian economy has already suffered more than $1 billion in losses

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