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

The sector accounted for 1.4% of total tax revenues in Ukraine

Export revenue rose by 7.3% y/y

The industry has lost positions in many export markets, while becoming increasingly dependent on shipments to the EU

The company has mastered the refurbishment of new sintering machine components and will commission a modern grinding machine in April

A year earlier, these volumes reached 27,680 tons

Supplies to the Romanian facility are supporting capacity utilization and production growth

During this period, production activities were largely suspended and did not resume until late February

Product shipments increased by 124% m/m and 47.8% y/y

Due to the current shortcomings in procedures and the lack of necessary clarification from the European Commission, Ukrainian producers of green steel are already losing customers and contracts

The United States accounted for the bulk of Ukrainian product consumption

The company's key export sales to the EU are now at risk

The return to monthly figures helped reverse the downward trend at the end of the quarter