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

During the month, ferroalloy producers exported only 0.2 thousand tons of products, which is a consequence of the complete shutdown of existing enterprises

Export volumes have reached a maximum since February 2022

During the month, the country's domestic market consumed 137.7 thousand tons of rolled and semi-finished goods

The main part of the products is sent to the USA

The plants have been idle since November 2023, in particular due to the proximity to the front line, the fall in prices for ferroalloys and the high cost of production

Shipments increased by 94% compared to December, and 3.4 times compared to January 2023

Pig iron production decreased by 36% y/y

Ferrous metals accounted for 8.1% of the total volume of export earnings for the month

During the month, Ukrainian consumers imported 10,000 tons of long rolled products, mainly from Turkiye

On average, salaries will increase by 20%

Steel production increased by 4.5% m/m, while pig iron production decreased by 0.3% m/m

Currently, the company is focused on expanding its presence on the Ukrainian market