steel production

Demand was negatively affected by the previously introduced export duty; inventories are overloaded

In May, steel consumption in the country decreased by 14%, while daily production increased during the month by 1-3%

In May, the production of long products fell by 9.4% to 1.1 million tons, flat products – by 14.8%, to 871 thousand tons

After the imposition of Western sanctions, Russia shifted all exports to Asian markets, reducing demand for Iranian steel

In January-May, German steelmakers reduced steel production by 4.8%

Ukraine dropped to 18th place in the world ranking of steel producers, reducing production by more than half

Overall, steel production fell by 8.7% in January-May due to coronavirus restrictions

The company's revenue for the year, on the contrary, grew by 30.9%

In general, steel production in the country may fall by 15%

Construction can take 3+ years, depending on the final design

Last year, the company produced 11.48 million tons of steel, rising three points in the WorldSteel rankings

4.7 million tons of rolled steel exports are expected at the same period