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

Steel production fell by 4.7% m/m during the month, and pig iron production increased by 5.7% m/m

In January-November, mining companies of Ukraine reduced shipments of ferrous metals to foreign consumers by 30.5% y/y

In 9 months, the enterprises of the association Ukrtruboprom produced 376.1 thousand tons of pipes

In October, global pig iron production increased by 1% y/y and decreased by 0.7% m/m

In January-September, European steelmakets reduced the import of Ukrainian iron ore by 4% y/y

The revenue of Ukrainian pipe exporters for the month fell by 14.6% m/m

The capacity of the domestic market for 10 months was 2.9 million tons

In monetary terms, the export of such products for the month increased by 4.1% m/m

Domestic supplies of raw materials to steel plants for October 2023 fell by 7.9% m/m

In monetary terms, the export of such products fell by 34.1% m/m

In 2024, shippers will again see an increase in railway tariffs in the form of indexation and reform of the tariff system

During January-October, Ukrainian ferroalloy enterprises exported 334,000 tons of products