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

China bought more than a half of Ukrainian raw materials

Production of rolled products increased by 7.3% over a month

Consumption of electricity declined by 5% over the year

Conversely, Ukraine’s imports of semi-finished products increased in physical terms

The U.S. was the largest importer of Ukrainian pig iron

China bought more than a third of Ukrainian raw materials

Ukrzaliznytsia (Ukrainian Railways) increased its rail transportation of iron and manganese ores by 2.7%

A survey by the NBU showed a deterioration in business expectations for 2020

What will await Ukraine’s steel industry next year?

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