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

Export revenue increased by 20.5% y/y

Shipments for the period did not exceed 1,000 tons, whereas in the previous year they reached 20,000 tons

Product shipments fell to 61,630 metric tons

Among the problems facing the company are energy supply and non-refundable VAT

The new solution should support stable operation of the blast furnace shop and reduce the shortage of working capital equipment

The updated IT-Enterprise system enabled the company to manage assets, logistics, and costs online

Imports accounted for 49.8% of the domestic market

The EU and the US accounted for the bulk of Ukrainian product consumption

Since the start of the war, Ukraine's direct losses have exceeded $195 billion, with total economic losses amounting to $1.7 trillion

The bulk of raw materials was sent to China, Slovakia, and Poland

Electricity reached $230/MWh in February, and the share of energy resources in the cost price rose to 40%

Consumption of galvanized steel and PPGI has increased, but the share of imports in the HDG segment continues to put pressure on the domestic market