Ukraine’s iron and steel industry - Latest news GMK Center

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

The company expanded its hot-rolled and cold-rolled segments and shipped nearly 58,000 tons of new products

The company has expanded its range of wire rod and shaped rolled products for the Ukrainian and EU markets

The fourth quarter was one of the most difficult for the company since the start of the full-scale war

Production activities continue to take place under conditions of extremely high risks and restrictions caused by the war

Pig iron production increased by 11.2% year-on-year over the past year, while steel production decreased by 2.2% year-on-year

During December, the company produced 73.3 thousand tons of metallurgical coke

Steel production increased by 11.1% y/y during the period, while pig iron production increased by 15% y/y

Metinvest is considering the possibility of building electric arc furnaces for steelmaking with a capacity of 3.5–3.8 million tons per year

Conjunctural assessments indicate that the situation in the steel industry is worse than the average for Ukrainian industry

Smart factories are already operating around the world, while Ukrainian steeelmakers are currently only at the initial stage of introducing AI into production

The steel equipment workshop fulfilled orders from the Kryvyi Rih's Mining and the Sukha Balka mine