Metallurgy Market News

Ukraine reduced steel production in January - October 2020 by 5.3%

This is evidenced by the operational data of the Association of enterprises of ferrous metallurgy of Ukraine "Ukrmetallurgprom".

According to preliminary data from Ukrmetallurgprom, for 10 months of 2020, metallurgical enterprises of Ukraine smelted 17.02 million tons of steel, which is 5.3% less than in the same period last year (APPG).

Pig iron production in January-October amounted to 16.88 million tons, which is 1.1% less than in the APPG, the production of finished metal products decreased by 2.2% over 10 months and amounted to 15.20 million tons.

Recall that in the nine months of 2020, Ukraine produced:

  • pig iron - 15.17 million tons (-2% to the same period);
  • steel - 15.33 million tons (-6.5% to the same period);
  • finished rolled products - 13.71 million tonnes (-2.8% to the same period);

As of October 15, 2020, of the main operating production facilities in operation: 16 out of 21 blast furnaces, 7 out of 8 open-hearth furnaces, 12 out of 16 converters, 6 out of 15 electric furnaces and 15 out of 17 continuous casting machines .

The results of the activity of the MMC of Ukraine for 10 months of 2020 indicate that the industry remains in a difficult situation caused by the crisis in the global steel market, aggravated by the coronavirus pandemic.

Previously it was reported that Metinvest's enterprises in Ukraine increased steel production by 22% in Q3 2020, pig iron production increased by 17%.