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

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

Pig iron production fell by 6%, steel production – by 10%. Production of iron ore concentrates decreased by 4%, and coke production – by 3%

Key volumes of raw materials are sent to China, Slovakia, and Poland

Ukraine is not creating excess supply and must protect its domestic market from dumped imports, the official said

After rocket attacks on Horishni Plavni and Kremenchuk, the company temporarily lost its power supply

Not only does the state fail to encourage a reduction in the cost of energy resources for industry, but it also continues to increase tariffs

Pig iron production amounted to 6.48 million tons, and steel production amounted to 6.17 million tons

The three largest deductions are fees for subsoil use, social security contributions, and personal income tax

These restrictions effectively cut Ukrainian companies off from access to foreign capital markets, according to Serhiy Kuzmenko

The company reduced production to 354,000 tons, maintaining its focus on exports

The company has returned a key facility to operation after a year-long shutdown due to a blackout

Steel production increased by 10% y-o-y during the period, while pig iron production increased by 15.1% y-o-y