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

Photo – Ingulets Mining gradually increases iron ore production
Ingulets Mining gradually increases iron ore production

To strengthen the work of the drilling site, the company repaired the equipment of the Atlas Copco PV No. 28 drilling rig

Photo – ArcelorMittal Kryvyi Rih reduced steel production by 18.5% y/y in 2023
ArcelorMittal Kryvyi Rih reduced steel production by 18.5% y/y in 2023

During the year, the steel division of the enterprise worked at 25-30% of the total capacity

Photo – Ukrainian pipe producers reduced product exports by 11.8% y/y
Ukrainian pipe producers reduced product exports by 11.8% y/y

The main consumers of Ukrainian-made pipes are Germany, the USA, Romania and Poland

Photo – Ukraine exported 523.8 thousand tons of long rolled products in 2023
Ukraine exported 523.8 thousand tons of long rolled products in 2023

Shipments of products abroad decreased by 31.4% y/y

Photo – Ukraine exported 1.2 million tons of flat rolled products in 2023
Ukraine exported 1.2 million tons of flat rolled products in 2023

Shipments of products abroad decreased by 26.4% y/y

Photo – Ukraine exported 344.2 thousand tons of ferroalloys in 2023
Ukraine exported 344.2 thousand tons of ferroalloys in 2023

Most of the exports were directed to Poland

Photo – The consumption of steel products in Ukraine increased by 2.2 times y/y in 2023
The consumption of steel products in Ukraine increased by 2.2 times y/y in 2023

In 12 months, the country's domestic market consumed 3.506 million tons of rolled and semi-finished products

Photo – Ukraine exported 1.25 million tons of pig iron in 2023
Ukraine exported 1.25 million tons of pig iron in 2023

More than half of exports were sent to Poland

Photo – Ukraine reduced the export of iron ore by 26% y/y in 2023
Ukraine reduced the export of iron ore by 26% y/y in 2023

Limited logistical opportunities for export remain a restraining factor

Photo – Ukrainian steelmakers produced 5.37 million tons of rolled steel in 2023
Ukrainian steelmakers produced 5.37 million tons of rolled steel in 2023

Steel production for the year was 6.23 million tons, and pig iron – 6 million tons

Photo – Interpipe increased steel output by 14.5% y/y in January-September
Interpipe increased steel output by 14.5% y/y in January-September

The production of pipes remained at the level of January-September 2022, and railway products increased by 14.1% y/y

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