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

Steel smelting for the month reached 558,000 tons, and pig iron – 486,000 tons

In January-September, mining companies of Ukraine reduced their shipments of ferrous metals to foreign consumers by 40.8% y/y

In 7 months, the EU market consumed 395.95 thousand tons of flat rolled products of Ukrainian production

In 7 months, the EU market reduced the consumption of long rolled products of Ukrainian production by 26.2% y/y

Also, an estimated 250,000 tons of iron ore were sent to customers from Ukrainian seaports in almost 2 months

In January-July, American steelmakers imported 748.4 thousand tons of pig iron from Ukraine

The capacity of the domestic market for 8 months was 2.32 million tons

Production in steel industry and production of finished steel products during the period fell by 20.9% y/y

The revenue of Ukrainian pipe exporters for the month increased by 9.2% m/m

In monetary terms, exports of such products increased 2.2 times m/m over the month

The costs of Ukrainian consumers on the import of flat rolled products increased by 29.8% m/m

The export of such products increased by 4.3% m/m in monetary terms