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

The bulk of exports went to Poland

Investments in the maintenance and modernization of production capacities in the mining sector amounted to UAH 28.94 billion

Over 80% of shipments were hot-rolled flat products

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

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

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

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

250 tons of seamless pipes will be used in the construction of a wind farm in La Manche

The utilization rates of individual companies in the industry vary significantly depending on the situation at the plants and sales markets

High logistics costs in addition to rising energy prices and tariffs lead to losses for companies in the industry

Currently, companies are operating at a loss, and the prospects for profitability seem distant

Key influencing factors include geopolitics, tariffs, and logistics