Ukraine’s iron and steel industry

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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

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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

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Ukraine exported 523.8 thousand tons of long rolled products in 2023

Shipments of products abroad decreased by 31.4% y/y

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Ukraine exported 1.2 million tons of flat rolled products in 2023

Shipments of products abroad decreased by 26.4% y/y

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Ukraine exported 344.2 thousand tons of ferroalloys in 2023

Most of the exports were directed to Poland

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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

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Ukraine exported 1.25 million tons of pig iron in 2023

More than half of exports were sent to Poland

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

Limited logistical opportunities for export remain a restraining factor

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

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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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Zaporizhstal increased the production of rolled products by 5.6% m/m in December

Steel production fell by 5.1% m/m in the month, and pig iron production increased by 1% m/m

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