Ukraine’s iron and steel industry

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The rolled steel market in Ukraine grew by 85.7% y/y in January-September

The capacity of the domestic market for 9 months was 2.62 million tons

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Ukraine increased its export of pig iron by 4.5 times m/m in September

During the month, Ukrainian steel companies shipped 125.9 thousand tons of pig iron to foreign consumers

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Ukrainian steelmakers produced 523,000 tons of rolled steel in September

Steel smelting for the month reached 558,000 tons, and pig iron – 486,000 tons

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Ukrainian steel industry reduced iron ore exports by 6% m/m in September

In January-September, mining companies of Ukraine reduced their shipments of ferrous metals to foreign consumers by 40.8% y/y

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EU reduced the import of flat rolled products from Ukraine by 42% y/y in January-July

In 7 months, the EU market consumed 395.95 thousand tons of flat rolled products of Ukrainian production

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EU reduced long rolled products imports from Ukraine by 223,000 tons in January-July

In 7 months, the EU market reduced the consumption of long rolled products of Ukrainian production by 26.2% y/y

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Ukraine exported 90,000 tons of steel products during the operation of the corridor

Also, an estimated 250,000 tons of iron ore were sent to customers from Ukrainian seaports in almost 2 months

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USA imported 119.6 thousand tons of pig iron from Ukraine in July

In January-July, American steelmakers imported 748.4 thousand tons of pig iron from Ukraine

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Rolled steel market in Ukraine increased by 92.5% y/y in January-August

The capacity of the domestic market for 8 months was 2.32 million tons

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Industrial production in Ukraine decreased by 2.9% y/y for the first half of 2023

Production in steel industry and production of finished steel products during the period fell by 20.9% y/y

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Ukrainian pipe producers increased product exports by 13.6% m/m in August

The revenue of Ukrainian pipe exporters for the month increased by 9.2% m/m

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Ukrainian steelmakers increased the export of long products by 2.4 times m/m in August

In monetary terms, exports of such products increased 2.2 times m/m over the month

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