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

Production of coal concentrate fell by 8% q/q, and coke – by 1% q/q

For 7 months, domestic steel consumption increased by 1.7% y/y

In January-July, shipments of products abroad fell by 26.1% y/y

The main consumers of raw materials are China, Slovakia and Poland – 9.26 million tons, 3.03 million tons and 2.98 million tons, respectively

Steel production for the month amounted to 708.9 thousand tons, and pig iron – 621.4 thousand tons

This will be the first rolling campaign in the shop in 2024

Last month's rolled steel production was suspended, and products manufactured in past periods were subject to shipment

Production of pig iron amounted to 261.9 thousand tons, and steel – 250.8 thousand tons

Maintenance and modernization costs amounted to $19 million, and strategic development projects – $36 million

The company's total sales increased by 85% y/y

More than 90% of steel in the EU is produced in countries with cheaper electricity than Ukraine

Ukrmetalurgprom proposes to create an international advisory board consisting of industry experts