iron and steel industry of Ukraine News — GMK Center

Why sharp decrease in Ukraine’s quota won’t help European steel industry

gembarska94 — Mon, 15 Jun 2026 08:06:20 +0000

The EU’s move to tighten the TRQ regime is driven by mounting import pressure on the steel market. That concern is clear. In particular, in 2025, total steel imports, including semi-finished products, rose by 14% year over year. The overall tightening parameters are substantial, with tariff-free quotas cut by about 47% versus the current safeguard […]

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Ukrainian and European steel industries: different challenges and shared pressures

gembarska94 — Wed, 03 Jun 2026 07:31:23 +0000

The steel industries of Ukraine and the European Union are facing serious challenges, but the nature of these challenges is very different. In the EU, the main agenda is green transformation. European steelmakers are under pressure to decarbonize, reduce emissions, and adjust to stricter climate regulations. In Ukraine, the priority is more basic and urgent: […]

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EU increased imports of iron and steel products from Russia by 71% y/y in January-February

Masha Malonog — Mon, 28 Apr 2025 11:10:27 +0000

In January-February 2025, the European Union (EU) imported 1.35 million tons (+71.5% y/y) of metallurgical raw materials of Russian origin. The cost of imports of these products amounted to €535.2 million (+47.3% y/y). This is based on GMK Center’s calculations based on Eurostat data. Pig iron accounts for the bulk of imports. In 2 months […]

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ANNOUNCEMENT: 15th International Congress «Astana Mining & Metallurgy»

Masha Malonog — Mon, 07 Apr 2025 13:43:48 +0000

On June 4-5, 2025, Astana Mining & Metallurgy (AMM), the 15th international congress, will be held in Astana, Kazakhstan. AMM is one of the most important industry events in the mining and metals sector. The congress provides numerous platforms for dialogue, including B2B and G2B meetings with leading subsoil users and representatives of government agencies […]

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Ukraine’s economy will not recover without industrial development

Masha Malonog — Wed, 12 Mar 2025 13:34:56 +0000

Industry has traditionally been the basic sector of Ukraine’s economy, providing jobs, filling the budget and contributing to the development of related industries. In the context of Russia’s full-scale war against Ukraine, the role of the defense industry, energy, steel sector and machine building is especially growing as key sectors that form the country’s economic […]

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EU imported 4.7 million tons of steel raw materials from Russia in January-October

Masha Malonog — Wed, 18 Dec 2024 11:34:10 +0000

In January-October 2024, the European Union (EU) imported 4.7 million tons of metallurgical raw materials of Russian origin. The cost of imports of these products amounted to €2.24 billion. This is according to GMK Center’s calculations based on Eurostat data. Semi-finished products account for the bulk of imports. In the first 10 months of 2024, […]

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How European steel industry can survive the perfect storm

Masha Malonog — Mon, 09 Dec 2024 06:30:39 +0000

Sad news about the disastrous state of European steel industry appears in the media almost every day. European steelmakers reduce output and idle capacity (US Steel Kosice, Liberty Ostrava, Acciaierie d’Italia, ArcelorMittal Asturias, Arvedi AST), cut off workers (Thyssenkrupp Steel, Swiss Steel, Stahl Gerlafingen). Some companies delay wage payments (Liberty Dudelange, Liberty Dunaújváros). Also, some […]

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Concorde Capital expects Ukraine’s GDP to grow by 3.8% y/y next year

Masha Malonog — Wed, 04 Dec 2024 11:04:22 +0000

Analysts’ forecasts for next year look relatively positive, with Concorde Capital expecting the Ukrainian economy to grow by 3.8% y/y in 2025. However, there are still many risks. The main one is the continuation of hostilities. Other sectoral risks include a significant negative impact on the Ukrainian steel industry due to the possible loss of […]

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Iron & steel industry of Ukraine will be the most hit by EU CBAM – GMK Center’s report

gembarska94 — Wed, 16 Oct 2024 06:01:56 +0000

According to recent GMK Center’s research “How EU CBAM could weaken economy of Ukraine”, 93% of Ukrainian exports which falls under CBAM regulation is represented by iron & steel sector. Production of pig iron and long steel products will have the biggest losses from CBAM. In Ukraine, 89% of steel has been produced using BF-BOF […]

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Balance of Ukraine-Romania iron and steel trade: analytical review

Masha Malonog — Tue, 13 Feb 2024 07:00:26 +0000

During war, Romania became the most important logistical hub for Ukrainian exports of grain and iron and steel products, which also contributed to a sharp increase in export-import operations between our countries. Compared to the pre-war level, Romanian commodity imports increased 2.2 times, and Ukrainian exports increased 3.4 times. Our country increased supplies to Romania […]

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SBTi presented a decarbonization methodology for steelmakers

Masha Malonog — Fri, 22 Sep 2023 05:34:11 +0000

The Science Based Targets Initiative (SBTi) has launched the world’s first science-based guidance on decarbonisation for steelmakers. It is designed to develop and set emission reduction targets in an industry context. It is stated in a message on the SBTi website. With this guidance, SBTi determines to what extent and how quickly the company must […]

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Lime deliveries by rail increased by 15% m/m in July

Masha Malonog — Tue, 08 Aug 2023 13:31:27 +0000

In January-July 2023, the lime industry of Ukraine reduced the supply of lime by railway by 11% compared to the same period in 2022 – to 79.5 thousand tons. Ukrainian Association of the Lime Industry (UALI) informs about it. In July 2023, the supply of lime by rail increased by 15% m/m and by 61% […]

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How sanctions affected the Russian steel market

Masha Malonog — Mon, 24 Apr 2023 06:00:03 +0000

The initiators of the sanctions and many analysts were confident that the restrictions imposed throughout 2022 against Russia and Russian companies would lead to quick results that point to the unprofitability of the Russian Federation’s war against Ukraine. However, the damage to the Russian steel industry turned out to be an order of magnitude lower […]

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Anatoly Kinakh: «Steel industry now needs the most support from the state»

Masha Malonog — Wed, 22 Mar 2023 06:30:56 +0000

Ukrainian business turned out to be very adaptable to the conditions of martial law. If in the spring of last year up to 60% of companies did not work, now this indicator has decreased to 10%. However, there remain systemic problems that have worsened during the war, such as the insufficient volume of business lending, […]

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In 2021 iron & steel sector generated one third of Ukraine’s exports

Vadim Kolisnichenko — Thu, 26 May 2022 15:04:56 +0000

Iron & Steel industry is a fundamental sector of economy in Ukraine. From year to year, it creates great economic impact. According to estimations of GMK Center, in 2020 its aggregate share in GDP accounted for 9.5%, or $13.7 billion. Aggregate share included GDP generated by iron & steel companies themselves (4.4%), supply chain (4.0%) […]

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Ukraine increased production of rolled products by 5% in 11M

Vadim Kolisnichenko — Thu, 13 Jan 2022 07:01:39 +0000

In January–November 2021, Ukrainian steelmakers cut production of rolled products by 5% to 17.5 million tons y-o-y, according to the updated statistics of Ukrmetallurgprom. In 11M Ukrainian manufacturers produced: 27.9 million tons of sinter ore (4.7% up from 11M 2020); 8.73 million tons of coke (-1%); 19.6 million tons of steel (+4.9%); 19.4 million tons of pig iron (+4.5%); 910 thousand tons of […]

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Ukraine’s exports of semi-finished products declined by 24% in November

Vadim Kolisnichenko — Wed, 12 Jan 2022 09:01:10 +0000

In November 2021, Ukrainian steel producers reduced exports of semi-finished products by 23.8% to 374.9 thousand tons against November 2020. At the same time, export revenues rose by 18.6% to $236.8 million, according to the customs statistics. In 11M 2021, Ukraine’s steelmaking companies increased revenues from semi-finished products exports by 49.3% to $3.75 billion y-o-y. In January–November, Ukrainian steelmakers exported 6.21 million tons […]

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Ukrainian companies increased pig iron exports by 6% in November

Vadim Kolisnichenko — Tue, 11 Jan 2022 07:01:31 +0000

According to the customs statistics, in November 2021, Ukrainian mining & metals companies increased volumes of pig iron exports by 6.4% to 269.1 thousand tons y-o-y. Revenues from pig iron exports rose by 53.4% to $127.6 million. In January–November, Ukrainian producers increased revenues from pig iron exports by 80.9% to $1.49 billion y-o-y. In 11M 2021, they exported 2.91 million tons of […]

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Ukraine’s revenues from iron ore exports declined by 20% in November

Vadim Kolisnichenko — Mon, 10 Jan 2022 07:01:24 +0000

In November 2021, Ukrainian mining & metals companies exported 3.96 million tons of iron ore, 18% up from November 2020. At the same time, iron ore export revenues declined by 19.7% to $312.75 million, according to the customs statistics. In January–November 2021, Ukraine exported 36.71 million tons of iron ore, 2.8% down from the same period of 2020. In 11M, Ukraine’s mining companies […]

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Ukraine’s M&A market hiked by 80% in 2021

Vadim Kolisnichenko — Wed, 05 Jan 2022 07:01:44 +0000

In 2021, the volume of announced and completed mergers and acquisitions (M&A) in Ukraine, including corporate, privatization and venture deals of technology companies, surged by 80% to $2.14 billion against 2020. The amount of M&A deals, according to preliminary estimates of InVenture investment company, hiked by 35% to 108. “Taking into account the low publicity and transparency of […]

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Prices at coke plants rose by 17% in October

Vadim Kolisnichenko — Wed, 22 Dec 2021 10:01:18 +0000

In October 2021, average salaries at coke plants in Ukraine grew by 16.7% to ₴19.4 thousand against the previous month, according to the statistics presented by the Trade Union of Metallurgists and Miners of Ukraine (TUMMU). In general, salaries in the mining & metals sector of Ukraine increased in all segments in October, specifically: iron and steel industry — ₴20.75 […]

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Ukraine’s mining & metals companies are about to complete modernization of primary conversion facilities

Vadim Kolisnichenko — Fri, 17 Dec 2021 07:13:34 +0000

Mining & metals companies are key investors in Ukraine’s economy. In 2010–2020, an average annual volume of capital investment in the mining & metals sector amounted to $2 billion. During the crisis periods, investments never went below $1 billion. These data were revealed in the study “Mining & Metals Sector of Ukraine: Investment in the Future” prepared […]

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Sizable contribution — how much and in what mining & metals companies are investing

Vadim Kolisnichenko — Thu, 16 Dec 2021 07:01:14 +0000

Ukrainian mining & metals companies steadily account for about 25–30% of capital investment in industry and 7–11% of the total domestic capital investments. According to GMK Center estimates, capital investment in the mining & metals sector in 2010–2020 averaged $2 billion. Importantly, even during the crisis periods, investments never went below $1 billion. Investments of Ukrainian mining […]

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Capital investment in the steel industry grew 38% in 9M

Vadim Kolisnichenko — Tue, 14 Dec 2021 07:01:32 +0000

In January–September 2021, capital investment in steel production and production of finished metal products increased by 37.6% to ₴16.4 billion compared to the same period of the previous year, according to the State Statistics Service. In 9M 2021, total capital investment in the industrial sector grew by 21.5% to ₴122.6 billion y-o-y. The share of steel production and production […]

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Ukraine increased coke production by 5% in October

Vadim Kolisnichenko — Thu, 09 Dec 2021 07:01:36 +0000

In October, Ukrainian coke plants increased coke production by 5.1% to 738 thousand tons compared to the previous month, according to Interfax-Ukraine citing the updated statistics of Ukrkoks association of coke producing companies. Coke production fell by 10.3% compared to October 2020. “There was a slight increase in coke production in October, but this did not […]

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The future focus of investments in the mining & metals sector

Vadim Kolisnichenko — Wed, 08 Dec 2021 14:50:12 +0000

The steel industry is a capital-intensive sector of economy. In Ukraine, the sector requires $700 million per annum only to stay where it is. This is the required amount of investments in maintenance projects. But everyone knows that standing still means retrograding. Consequently, we need to double this amount to move forward. Firstly, we need to […]

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The mining & metals sector accounts for 10% capex in Ukraine

Vadim Kolisnichenko — Tue, 07 Dec 2021 11:54:01 +0000

GMK Center presents the very first comprehensive study of investment contribution to the Ukrainian economy and the mining & metals as its largest sector. For decades, companies of the sector have been releasing products, providing jobs, paying taxes, financing social projects in their regions of presence, and in no small way investing to survive in […]

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Ukrainian steelmakers decreased pig iron production by 8% in October

Vadim Kolisnichenko — Wed, 01 Dec 2021 07:01:49 +0000

In October 2021, mining & metals companies of Ukraine decreased pig iron production by 7.9% to 1.58 million tons y-o-y, according to the updated statistics of Ukrmetallurgprom. In particular, in October Ukrainian companies produced: 2.53 million tons of sinter ore (by 3.4% less than in October 2020); 742 thousand tons of coke (-9.4%); 1.61 million tons of steel (-2.7%); 1.5 million tons […]

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Ukraine’s exports of semi-finished products declined by 31% in October

Vadim Kolisnichenko — Tue, 30 Nov 2021 07:01:51 +0000

In October 2021, Ukrainian steel producers reduced exports of semi-finished products by 31.4% to 473 thousand tons against October 2020. At the same time, export revenues hiked by 22.7% to $317.8 million, according to the customs statistics. In 10M 2021, Ukraine’s steelmaking companies increased revenues from semi-finished products exports by 52% to $3.5 billion compared to the same period of the previous […]

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Ukraine’s pig iron exports fell by 28% in October

Vadim Kolisnichenko — Fri, 26 Nov 2021 09:01:01 +0000

According to the customs statistics, in October 2021, Ukrainian mining & metals companies decreased exports of pig iron by 27.6% to 202.5 thousand tons against October 2020. Revenues from exports of pig iron rose by 15.5% to $100.9 million. In January–October, Ukrainian steel producers increased revenues from pig iron exports by 83.9% to $1.37 billion y-o-y. In 10M 2021, Ukrainian steelmakers exported […]

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Ukraine’s revenues from iron ore exports declined by 10% in October

Vadim Kolisnichenko — Thu, 25 Nov 2021 09:01:59 +0000

In October 2021, Ukrainian mining & metals companies exported 3.67 million tons of iron ore, 3.3% down from October 2020. In monetary terms, iron ore exports declined by 9.7% to $371.1 million, according to the customs statistics. In January–October 2021, Ukraine exported 36.71 million tons of iron ore, 4.6% down from the same period of 2020. In 10M, Ukraine’s mining companies increased revenues […]

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Ukrainian steelmakers cut pig iron production by 8.6% in October

Vadim Kolisnichenko — Fri, 19 Nov 2021 07:01:25 +0000

In October 2021, mining & metals companies of Ukraine decreased pig iron production by 8.6% to 1.56 million tons y-o-y, according to the updated statistics of Ukrmetallurgprom. Steel production fell by 3.1% to 1.6 million tons, while rolled products production grew by 1.8% to 1.49 million tons. In 9M, Ukrainian steel producers increased pig iron production by 4.9% to […]

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The volume of Ukraine’s pig iron exports rose by 9% in September

Vadim Kolisnichenko — Thu, 04 Nov 2021 07:01:34 +0000

According to the customs statistics, in September 2021, Ukrainian mining & metals companies increased exports of pig iron by 9.4% to 268.2 thousand tons against September 2020. In monetary terms, exports of pig iron rose by 88.3% to $138.5 million. In January–September, Ukrainian steel producers increased revenues from pig iron exports by 93.1% to $1.27 million y-o-y. In 9M, Ukrainian steelmakers […]

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Ukrainian steelmakers increased steel production by 3.8% in September

Vadim Kolisnichenko — Wed, 03 Nov 2021 09:01:26 +0000

In September 2021, Ukraine’s steelmaking companies increased production of steel by 3.8%, to 1.7 million tons against September 2020, according to the updated statistics of Ukrmetallurgprom. In particular, in September Ukrainian companies produced: 2.62 million tons of sinter ore (9.7% up from September 2020); 701 thousand tons of coke (-4.1%); 1.67 million tons of pig iron (+3.2%); 1.47 million tons of rolled products (+2.5%); 90 thousand […]

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Ukraine’s revenues from ore exports jumped 22% in September

Vadim Kolisnichenko — Wed, 03 Nov 2021 07:01:11 +0000

In September 2021, Ukrainian mining & metals companies exported 3.27 million tons of iron ore, 17.7% down from September 2020. In monetary terms, iron ore exports rose by 22.1% to $473 million, according to the customs statistics. In January–September, Ukraine exported 33.03 million tons of iron ore, 4.8% down from the same period of 2020. In 9M, Ukraine’s mining companies doubled their […]

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Coking coal supplies in Ukraine fell 15% in September

Vadim Kolisnichenko — Thu, 28 Oct 2021 09:01:18 +0000

The growth in prices for coking coal resulted in a 15% reduction in the stocks of this material at Ukrainian coke companies in September. Anatoliy Starovoit, CEO of the Ukrkoks Scientific and Industrial Association, shared that insight in his interview for GMK Center. Coking coals deficit is a serious problem. The lack of coke caused […]

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Ukraine’s revenues from exports of metals jumped 80% in 3Q

Vadim Kolisnichenko — Mon, 25 Oct 2021 09:01:58 +0000

In January–September 2021, Ukrainian steelmaking companies boosted revenues from exports of ferrous metals by 79.7% to $10.33 billion compared to the same period of the previous year, according to the customs statistics. In September 2021, revenues from exports of ferrous metals amounted to $1.39 billion, 1.8% up from September 2020. At the same time, imports of ferrous metals increased by 42.4% to […]

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Salaries in the iron and steel segment grew 14.3% in August

Vadim Kolisnichenko — Mon, 25 Oct 2021 06:01:39 +0000

In August 2021, average salaries in Ukraine’s iron and steel segment grew by 14.3% to ₴23.3 thousand against the previous month, according to the statistics presented by the Trade Union of Metallurgists and Miners of Ukraine (TUMMU). In general, average salaries in the mining & metals sector of Ukraine slightly decreased in most segments in August, specifically: coke industry — […]

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Ukraine increased revenues from exports of semi-finished products by 53%

Aleksandr — Fri, 08 Oct 2021 10:22:17 +0000

In August 2021, Ukrainian steel producers reduced exports of semi-finished products by 26.5% to 578.5 thousand tons against August 2020. At the same time, in monetary terms revenues hiked by 52.9% to $423.1 million, according to the customs statistics. In 8M, Ukraine’s steelmaking companies increased revenues from semi-finished products exports by 51.4% to $2.77 billion y-o-y. In January–August, Ukrainian […]

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Ukraine increased production of rolled products by 4% in August

Vadim Kolisnichenko — Fri, 08 Oct 2021 06:01:16 +0000

In August 2021, Ukraine’s steelmaking companies ramped up production of rolled products by 3.7% to 1.68 million tons against August 2020, according to the updated statistics of Ukrmetallurgprom. Specifically, in August, Ukrainian steel companies produced: 2.8 million tons of sinter ore (1.4% up from August 2020); 810 thousand tons of coke (-1.2%); 1.83 million tons of pig iron (+1.1%); 1.86 million tons […]

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The volume of Ukraine’s pig iron exports rose by 42% in August

Vadim Kolisnichenko — Wed, 06 Oct 2021 09:41:24 +0000

According to the customs statistics, in August 2021, Ukrainian mining & metals companies increased exports of pig iron by 41.6% to 351.1 thousand tons against August 2020. In monetary terms, exports of pig iron grew by a factor of 2.9 to $202.1 million. In January–August, Ukrainian steel producers increased revenues from pig iron exports by 93.7% to $1.13 million y-o-y. In 8M, […]

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Ukraine’s ore export revenues rose by a factor of 2.2 in August

Vadim Kolisnichenko — Tue, 05 Oct 2021 10:01:04 +0000

In August 2021, Ukrainian mining & metals companies exported 3.68 million tons of iron ore, which corresponds to the level of August 2020. In monetary terms, iron ore exports rose by a factor of 2.2 to $778 million, according to the customs statistics. In 8M, Ukraine exported 29.8 million tons of iron ore, 3.1% down from the same period of […]

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The Ministry of Economy upgraded its forecast for steel production to 6.3% in 2021

Vadim Kolisnichenko — Tue, 21 Sep 2021 08:01:01 +0000

In 2021, Ukraine’s steelmaking companies will ramp up steel production by 6.3% to 21.92 million tons y-o-y, according to the Ministry of Economy’s adjusted forecast based on the production statistics from Ukrmetallurgprom, Interfax-Ukraine reported. Production of pig iron in 2021 is projected at 21.8 million tons, 6.6% up from 2020. Production of rolled products will grow 5.8% […]

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Ukrainian steel producers increased steel output by 7% in July

Vadim Kolisnichenko — Fri, 17 Sep 2021 10:01:23 +0000

In July 2021, Ukraine’s steelmaking companies increased production of steel by 6.9%, to 1.87 million tons against July 2020, according to the updated statistics of Ukrmetallurgprom. Specifically, in July Ukrainian steel companies produced: 2.97 million tons of sinter ore (6.8% up from July 2020); 830 thousand tons of coke (+1.2%); 1.88 million tons of pig iron (+6.8%); 1.7 million tons of rolled products (+4.9%); 90 thousand tons […]

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Ukraine increased revenues from exports of semi-finished products by 71% in July

Vadim Kolisnichenko — Thu, 16 Sep 2021 08:01:32 +0000

In July 2021, Ukrainian steel producers reduced their exports of semi-finished products by 19.7% to 540.6 thousand tons against July 2020. At the same time, in monetary terms, revenues hiked by 71% to $382.5 million, according to the customs statistics. In 7M, Ukraine’s steelmaking companies increased revenues from semi-finished products exports by 51.2%, to $2.34 billion, compared to January–July 2020. In […]

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