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

Shipments of ferroalloys are gradually recovering after restarting part of the capacities, but are still down 83.1% y/y

Despite the difficulties, Ferrexpo continues to invest significant funds in maintaining and modernizing its own facilities

Volumes of output decreased by 4.6 times y/y primarily due to a long layoff at the beginning of the year

The main share of products was shipped to Bulgaria, Turkey and Egypt

Capital investments of steel sector in 2023 amounted to UAH 16.6 billion

In January-August, shipments of products abroad fell by 19.8% y/y

More than 36% or 833.1 thousand tons is imported

The company is ready to demonstrate openness in the gradual formation of its ESG strategy, starting from the first stage – the ecopolicy project

The main consumers of raw materials are China, Slovakia and Poland – 10.3 million tons, 3.45 million tons and 3.49 million tons, respectively

The company is still thinking about Danube transportation, but they do not see the necessary level of service

Investments in support and modernization of production facilities reached UAH 9.94 billion

Steel production for the month amounted to 690.7 thousand tons, and pig iron – 643.6 thousand tons