steel production - Latest news GMK Center

Pig iron production fell by 17.5% year-on-year

State projects in the country in 2020-2021 used steel worth £640 million

Problems of local steel plants hinder finding balance between demand and supply

The subsidiaries of Metaloinvest Lebedynskyi and Mykhailivskyi Minings, OEMK and the Swiss Metalloinvest Trading came under the influence of Western sanctions

In January-March 2023, the company increased the shipment of rolled steel to customers by 7% q/q

The country's steel plants have not yet shown signs of reducing production

Steel production increased by 24.3% m/m, and pig iron – by 32% m/m

In the 4th quarter of the 2022-2023 financial year, the production of unrefined steel increased by 12% y/y

The implementation of the project is planned for 2024. The capacity of the installation will be 2 MW

In the fourth quarter of the last fiscal year, the company increased steel production by 5.1% y/y

The company is also planning a direct reduction plant with a capacity of 1.8 Mt

In 2023, the company will complete 13 different environmental investments