9,484.26 TRY BIST 100 BIST 100
37.93 USD USD USD
5.23 CNY CNY CNY
41.82 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.20 TRY Interest Interest
69.56 USD Fossil Oil Fossil Oil
31.51 USD Silver Silver
4.76 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,797.04 TRY Gold (gr) Gold (gr)

Steel production continues to decline in Ukraine

Logistical challenges and weak global demand continue to impact steel production in Ukraine, leading to ongoing difficulties in the industry.

Steel production continues to decline in Ukraine

In the first half of 2023, Ukraine's crude steel production reached 2.83 million tons, marking a 38% decrease compared to the same period last year. Similarly, pig iron production amounted to 2.84 million tons, showing a decline of 38% year-on-year. The production volume of rolled products also witnessed a significant drop, reaching 2.37 million tons, reflecting a decrease of 41% compared to the same period of the previous year.

The decline in steel production in Ukraine can be attributed to several factors. Weak global demand for steel has played a significant role in reducing production levels. Additionally, ongoing logistical problems within Ukraine, such as transportation and infrastructure challenges, have contributed to the decline. Furthermore, the impact of the war on the Azovstal and Ilyich iron and steel mills, which are Ukraine's largest steel mills, has further disrupted production and added to the overall decline in output. These combined factors have resulted in a challenging operating environment for the steel industry in Ukraine.

In June, steel production in Ukraine experienced a significant month-on-month decline of 25%, reaching 437,000 tons. Similarly, pig iron production dropped by 19.4% to 486,000 tons, and rolled products saw a decrease of 16.4% to 393,000 tons. These figures highlight the downward trend in steel production in Ukraine, indicating a challenging period for the industry.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

ArcelorMittal South Africa closure delayed by six months

Friday, April 4, 2025

EUROMETAL discusses critical steel sector issues with European Commission

Friday, April 4, 2025

Kuzey Boru signed a TRY 74 million tender contract

Friday, April 4, 2025

SSAB and SMS group announced collaboration

Friday, April 4, 2025

Türkiye's welded pipe exports decreased by 9.6% in February

Friday, April 4, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now