Ukraine’s iron and steel industry

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Consumption of steel products in Ukraine decreased by 37.1% y/y in January

During the month, the country's domestic market consumed 137.7 thousand tons of rolled and semi-finished goods

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Ukraine exported 142.2 thousand tons of pig iron in January

The main part of the products is sent to the USA

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Ukrainian ferroalloy producers reduced production by 57% y/y in 2023

The plants have been idle since November 2023, in particular due to the proximity to the front line, the fall in prices for ferroalloys and the high cost of production

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Ukraine exported 3.11 million tons of iron ore in January

Shipments increased by 94% compared to December, and 3.4 times compared to January 2023

metinvestholding.com
Metinvest cut steel production by 31% y/y in 2023

Pig iron production decreased by 36% y/y

Метінвест СМЦ
Ukraine increased revenue from ferrous metal exports by 65% y/y in January

Ferrous metals accounted for 8.1% of the total volume of export earnings for the month

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Imports of long products to Ukraine increased by 19.2% m/m in January

During the month, Ukrainian consumers imported 10,000 tons of long rolled products, mainly from Turkiye

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Interpipe announces salary increase for employees starting March 1

On average, salaries will increase by 20%

zaporizhstal.com
Ukrainian steelmakers cut rolled steel production by 10.9% m/m in January

Steel production increased by 4.5% m/m, while pig iron production decreased by 0.3% m/m

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DMZ is ready to increase production for export if demand increases

Currently, the company is focused on expanding its presence on the Ukrainian market

DMZ shipped 3.7 thousand tons of rolled products to customers in January

The production of metallurgical coke for the month increased by 64.4% y/y

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Ukraine is rapidly approaching the status of a net importer of flat products in tons

In monetary terms, Ukraine is already a net importer: exports in 2023 amounted to $782.3 million, and imports – $1.03 billion

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