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

Overhaul of key raw materials logistics facility completed 12 hours ahead of schedule, ensuring stability of supply

Steel production increased by 10.9% y/y during the period, while pig iron production increased by 15.4% y/y

Steelmakers plan to increase demand for scrap, while the market is already experiencing a shortage of raw materials

Despite asset losses on the front lines and a decline in production, the group maintains its leadership and increases investment

Specialists produce spindles and beams and repair gearboxes for external customers

The company continues to expand its presence in the EU green projects market

The figure has already exceeded the total shipments in 2024 by more than 52 thousand tons

The main problems facing the industry are power cuts and high electricity costs, as well as a shortage of personnel

In October, product shipments increased to 82.11 thousand tons

Production capacity at a depth of 1,420 m will ensure stable extraction of high-quality ore for six months

The company has upgraded its blast furnace, open-hearth furnace, and rolling mill operations, employing more than 400 specialists in round-the-clock work

Over 82% of shipments are flat hot-rolled products