Steel production in Ukraine down by 2% y/y in Jan-May.

By bne IntelliNews June 18, 2013

In Jan-May, steel production in Ukraine declined by 2% y/y to 13.8mn tonnes, the Metallurgprom association has announced. The production of steel pipes went down by 26% y/y to 714,000 tonnes in the reporting period. In May, steel production went up by 0.8% to 2.8mn tonnes, while steel pipes production decreased by 14.1% to 146,000 tonnes.

In Q1, steel output in Ukraine grew by 0.4% to 8.4mn tonnes. In 2012, steel production in Ukraine fell by 6.6% y/y to 32.3mn tonnes (10th place in the world steel ranking). Ukraine ranks 9th in the world steel producers rating, just ahead of Brazil. Metal production, in particular iron and steel industry, is the dominant heavy industry in Ukraine accounting for 5% to 7% of the GDP and a significant part of foreign currency earnings. The industry peaked at 42.8mn tonnes in 2007 and was severely affected by the financial crisis of 2007–2010.

In 2013, Metalurhprom metallurgical enterprises association expects the production of steel to reach 34.4mn tonnes. Besides, under preliminary data, in 2013, Ukrainian enterprises will produce 29.9mn tonnes of pig iron and 31mn tonnes of rolled steel.

Related Articles

Siemens fumes as worst suspicions on Crimea turbines confirmed

German technology major Siemens said on July 21 it has "credible evidence" that all four gas turbines supplied for a power plant in the south of Russia were locally modified and illegally supplied ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Ukraine injects another €760mn into nationalised PrivatBank

The Ukrainian authorities have issued domestic government bonds in the amount of UAH22.5bn (€759mn) in exchange for the bank’s shares as part of the additional capitalisation of nationalised ... more