Ukraine’s iron and steel industry

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Iron and steel sector contributed 5.7% to the GDP of Ukraine in 2023

The sector will support the Ukrainian economy in 2024 thanks to the effective operations of the “sea corridor”

Ukrainian steelmakers did not appeal to UZ to cancel scrap auctions – UMP

The information regarding the appeal of steelmakers to the UZ with a request to cancel the auctions held at the beginning of February 2022 is invalid

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Metinvest cuts steel production by 5% q/q in Q1

Production of iron ore concentrate increased by 36% q/q

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Ukraine exported 39 thousand tons of long products in April

Shipments of products abroad increased by 7.6% y/y and decreased by 22.3% m/m

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Ukraine exported 113 thousand tons of flat products in April

The shipment of products abroad increased by 87.6% y/y and decreased by 23.7% m/m

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Exports of ferroalloys from Ukraine in January-April fell to 1.1 thousand tons

In April, shipments increased for the first time since the beginning of the year – by 209% m/m, up to 0.45 thousand tons

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Ukraine exported 132.1 thousand tons of semi-finished products in April

Export increased by 51.8% compared to the previous month

ArcelorMittal Kryvyi Rih increased production of all major products in April

Steel production increased by 90% y/y, rolled products – by 95%, pig iron – by 12%, iron ore – by 112%, and coke – by 16%

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Consumption of steel products in Ukraine fell by 13.9% y/y in January-April

In 4 months, the country's domestic market consumed 1.01 million tons of rolled and semi-finished products

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Ukraine exported 55.7 thousand tons of pig iron in April

The main part of the products is sent to the USA

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