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

The fall in global demand and prices for raw materials had a negative impact on shipment volumes

Rolled steel production resumed after a two-month layoff

At the beginning of October, the updated unit was put into operation after quarterly repairs

In Q3, production declined due to pressure from high production and logistics costs and lower iron ore prices

Steel production for the month fell by 11.7% m/m, and pig iron – by 3% m/m

Coke production amounted to 220.1 thousand tons in Q3

Sales of railway products increased by 28.9% y/y

Pig iron production fell by 4.2% m/m, and steel – by 14.3% m/m

In Q4 2024 one blast furnace will remain in operation – BF No. 8, and 2-3 sintering machines

The main volumes of products were shipped to Romania and Poland

The company plays an important role in the development of women's football team Vorskla from Poltava

Considering the profitability of the state carrier, it is worth considering reducing its tariffs by 15-20%