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

The main part of the products is sent to the USA

Shipments increased by 31.1% compared to February, and by 2.2 times compared to March 2023

Workers will receive a payment in the amount of 50% of the average monthly wage for the time actually worked in 2023

Supporting export potential, staffing and ramping up production remain the main issues for Ukrainian steel sector

Steel production increased by 14.9% m/m and pig iron production – by 8.6% m/m

The extended repair of the second category lasted 296 days and took place in difficult military conditions

143 masters received diplomas that enable them to work at any enterprise in the world

The company emphasizes the need to address key issues of Ukrainian taxation, including tax consolidation

Steel industry production and finished steel products increased by 8% y/y over the period

Production of metallurgical coke increased by 52%

Thus, enterprises will remain competitive in the context of the green transition

Ukraine has some of the world's largest iron ore deposits, and mining companies are currently developing 25 of the 60 explored deposits