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

Administrative pressure from the state has a negative impact on the performance of enterprises in the sector

The key export markets are Algeria, Poland and Turkey

The company has presented the Decarbonization Path and has already exceeded the EU's 2030 goals

During the period, the bulk of our products were sold to Bulgaria, Turkey and Poland

EU and US countries significantly slowed down consumption of Ukrainian products during the month

The construction of the EAF, the transition to green energy and the shutdown of the coke plant are the basis of the company's new strategy.

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

After stopping production on March 8 due to debts and power outages, the plant plans to resume production at one or two mines

During the period, the company produced 488 thousand tons of steel and 436 thousand tons of pig iron

Pig iron production increased by 17.3% m/m and steel production by 25.7% m/m

Metallurgical coke production decreased by 24.8% y/y over 4 months

According to the company, the project has progressed in terms of engineering and permitting