Ukraine’s iron and steel industry

Ukraine produced 3.1 million tons of rolled steel in the 1H2025

Pig iron production amounted to 3.67 million tons, and steel production amounted to 3.68 million tons

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Scrap exports from Ukraine reached 28.6 thousand tons in May

Raw material shipments have increased by 52.2% y/y since the beginning of the year

Ferrexpo reduced pellet production by 34% y/y in 1H2025

Due to non-reimbursement of VAT, the company was forced to suspend part of its capacity, which affected its performance

Ferrexpo – among the leaders of the European market and climate transformation

The company has been included in the FT and Statista Europe's Climate Leaders ranking for the third time in a row

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Zaporizhkoks reduced production to 434,000 tons in 1H2025

In June, the company produced 76,300 tons of metallurgical coke

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Ukraine increased flat rolled products’ exports by 6.1% y/y in January-May

More than 80% of shipments are hot-rolled flat products

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Ukraine’s ferroalloy industry exported 45,000 tons of products in January-May

Key volumes of supplies go to Algeria, Poland, and Turkey

Zaporizhstal increased rolled steel output by 7.1% y/y in 1H2025

Steel production grew by 5.3% y/y during the period, while pig iron production increased by 12.8% y/y

The highest electricity price in Europe may shut down ArcelorMittal Kryvyi Rih

Without market prices for energy resources, the company will be on the verge of closure, and tens of thousands of people will be out of work

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Ukraine reduced semi-finished products’ exports by 34% y/y in January-May

During this period, most of the products were sent to Bulgaria, Turkey, and Poland

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Ukraine increased pig iron exports by 35.1% m/m in May

The EU and the US accounted for the bulk of Ukrainian product consumption during the month

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