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iron and steel industry of Ukraine - Latest news GMK Center

Photo – Ukraine’s mining & metals sector reduced gas consumption by 2% in 2019
Ukraine’s mining & metals sector reduced gas consumption by 2% in 2019

Consumption of electricity declined by 5% over the year

Photo – Ukraine’s pig iron exports fell by 23.8% in 2019
Ukraine’s pig iron exports fell by 23.8% in 2019

The U.S. was the largest importer of Ukrainian pig iron

Photo – Rail transportation of metals fell by 5% in 2019
Rail transportation of metals fell by 5% in 2019

Ukrzaliznytsia (Ukrainian Railways) increased its rail transportation of iron and manganese ores by 2.7%

Photo – Downsizing is what Ukrainian companies have in mind
Downsizing is what Ukrainian companies have in mind

A survey by the NBU showed a deterioration in business expectations for 2020

Photo – Russia approved duties on Ukrainian galvanized steel
Russia approved duties on Ukrainian galvanized steel

12.69–23.9% anti-dumping duties will be imposed on Ukrainian and Chinese galvanized steel

Photo – Steel production fell by 12% in October
Steel production fell by 12% in October

A greater decline was recorded only in the automotive industry. In general, industrial production fell by 5%

Photo – Ukraine’s imports of limestone fell for the first time in many years
Ukraine’s imports of limestone fell for the first time in many years

In 9 months, imports of limestone in Ukraine fell by 11% to 1.7 million tons

Photo – S&P raised Ukraine’s credit ratings to B
S&P raised Ukraine’s credit ratings to B

The agency also projected the GDP growth in Ukraine in 2019 from 2.5% to 3.2%.

Photo – The Ministry of Economy increased the projected GDP growth rate up to 3.2%
The Ministry of Economy increased the projected GDP growth rate up to 3.2%

The share of the steel industry in the national GDP reached 12%

Photo – Three myths about the export potential of Ukraine’s steel industry
Three myths about the export potential of Ukraine’s steel industry

These myths are being widely spread to restrict access of Ukrainian companies to foreign markets

Photo – Rostislav Shurma: “Our production target for 2019 is 4.3 mln tonn of pig iron”
Rostislav Shurma: “Our production target for 2019 is 4.3 mln tonn of pig iron”

Zaporizhstal CEO tells about how the Company responds to the growing market challenges

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