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

Photo – Scrap exports from Ukraine increased by 45% y/y over 11 months
Scrap exports from Ukraine increased by 45% y/y over 11 months

The figure has already exceeded the total volume of shipments in 2024 by more than 86 thousand tons

Photo – Central Mining has completed scheduled overhaul of pelletizing plant
Central Mining has completed scheduled overhaul of pelletizing plant

Upgrading the conveyors and firing machine ensured stable operation of the equipment

Photo – Ukraine imported 643,000 tons of metallurgical coke in January-November
Ukraine imported 643,000 tons of metallurgical coke in January-November

The majority of supplies are Polish products

Photo – Steel production in 2026 may remain at 7.2 million tons – GMK Center forecast
Steel production in 2026 may remain at 7.2 million tons – GMK Center forecast

Main risks associated with the European market in connection with the introduction of CBAM

Photo – Ukraine increased exports of long products by 43% y/y in January-November
Ukraine increased exports of long products by 43% y/y in January-November

The majority of products are exported to EU countries

Photo – Flat steel exports from Ukraine rose by 8.1% y/y in January-November
Flat steel exports from Ukraine rose by 8.1% y/y in January-November

At the same time, export revenues decreased by 0.5% y/y, indicating unfavorable pricing conditions

Photo – Exports of ferroalloys from Ukraine increased by 26.1% y/y in January-November
Exports of ferroalloys from Ukraine increased by 26.1% y/y in January-November

The main volumes of supplies go to Algeria, Poland, and Turkey

Photo – Northern Mining automates control systems to improve safety
Northern Mining automates control systems to improve safety

The plant is upgrading its dispatch and production systems, reducing resource consumption, and increasing efficiency

Photo – Ukraine reduced semi-finished exports by 30.5% y/y in January-November
Ukraine reduced semi-finished exports by 30.5% y/y in January-November

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

Photo – Ukraine exported 1.73 million tons of pig iron in January-November
Ukraine exported 1.73 million tons of pig iron in January-November

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

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