Metallurgy Market News

Ukraine will increase steel production in 2021 by 6% to 22 million tons - Ministry of Economy

The ministry made a forecast for steel smelting in Ukraine in 2021 based on data summarized by the Ukrmetallurgprom association of enterprises.

By the end of 2021, Ukrainian metallurgical enterprises are expected to increase steel production by 6% year-on-year to 21.894 million tonnes.

According to the reference documents of the Ministry of Economy held by Interfax-Ukraine, the production of general-purpose rolled products will increase by 5% to 19.411 million tons, pig iron smelting - by 6% to 21.727 million tons.

The forecast is based on production indicators for January - June 2021, summarized by the Ukrmetallurgprom association, the ministry said in a statement.

At the same time, the agency's interlocutor said that if the existing trends continue, the supply of scrap metal to metallurgical enterprises in 2021 will increase by 14%, to 3.31 million tons.

The production of pipes in 2021 may increase by 12%, to 957 thousand tons, coke by 3%, to 9.927 million tons, refractory bricks by 9%, to 240 thousand tons ( 119 thousand tons, an increase of 9%). Sinter output may increase by 7% to 34.207 million tons.

Recall that according to Ukrmetallurgprom, in the first half of this year, steel production in Ukraine increased by 7.4%, finished metal products output - by 6.6%. Pig iron smelting also increased - by 8.0% and the output of pipe metal products - by 17.4%.