pig iron - Latest news GMK Center

In December, Turkish steelmakers increased imports of Ukrainian iron by 28.4% y/y

In the month, iron smelting amounted to 240,000 tons, and steel – to 284,000 tons

The volume of pig iron production for the month was 166.4 thousand tons, and steel – 89.9 thousand tons

During the year, 1.39 billion tons of pig iron were produced, 1.28 billion tons of them were produced by the blast furnace method and 110.5 million tons by DRI method

Export opportunities have significantly decreased due to the blockade of Ukrainian seaports

In January-November 2022, deliveries of Ukrainian pig iron to Turkish steelmakerts decreased by 50.3% year-on-year

In 2022, German steelmakers reduced steel production by 8.4% y/y

In 2022, the output of pig iron amounted to 1.6 million tons, and steel – 1.2 million tons

During the month, Ukrainian steelmakers shipped 97.45 thousand tons of pig iron to foreign consumers

The sanctions came into force on January 9, 2023. Steel products must be returned from the border, abandoned or confiscated

The pig iron production for the year was 2.01 million tons, and steel – 1.48 million tons

In 11 months of 2022, German steelmakers reduced steel production by 7.9% y/y