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

In 2019, Ukraine’s mining & metals sector lost profits worth $2.8 billion due to negative factors

Production however fell by 15.1% in November

Steel workers currently account for 10.4% of all workers employed in the industrial sector

This is the lowest monthly steel production since 2012, says a GMK Center analyst

12.69–23.9% anti-dumping duties will be imposed on Ukrainian and Chinese galvanized steel

However, the capital investment growth rate hit a decline in Q3

A greater decline was recorded only in the automotive industry. In general, industrial production fell by 5%

Over 10 months, an increase in gas consumption remained the same as in January–September — 1%

Pig iron production may fall by 7.21%, while production of rolled products may grow by 6.25%

The output however fell by 10.5% in October

In the first ten months of the current year, only iron ore prices grew, and only due to the rise of the global prices. In October, the global prices fell too

The largest drop was recorded in the industry and construction due to low expectations for order volumes