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

Over 2 months, the domestic market consumed 493.3 thousand tons of rolled and semi-finished products

The main part of the products is sent to the USA

In February, revenues amounted to $248.44 million

Shipments decreased by 18.2% compared to January and increased by 2.1 times compared to February 2023

In February, the company's production activities were again negatively affected by Russian attacks on energy infrastructure.

During this period, 1.4 million tons of pig iron and rolled products were sold on the domestic market of Ukraine

Imports of raw materials fell by 49.3% y/y, and finished products – increased by 0.6% y/y

The production of steel for the month amounted to 532 thousand tons, and pig iron – 496 thousand tons

The company intends to load the mining division to the maximum and start up the second blast furnace

The company continues making efforts to increase production output

Export volumes increased 4.3 times y/y, but decreased by 26.4% m/m

Shipments of products abroad increased by 82.1% y/y and decreased by 15.5% m/m