Ukrainian Metallurgy Market

by Meifan Honcharuk
Wednesday, November 17, 2021
2 MIN

In January-April 2021 metallurgical enterprises of Ukraine increased steel production by 7.2% compared to the same period in 2020

According to the State statistics service figures, the metallurgical production index is growing every year. It reached its 3rd highest record over the last 25 years since 1991, explained mainly by metallurgical enterprises' fight for market share high demand.

As reported by metallurgists, metallurgy is a key branch of industry in Ukraine: metallurgy brings about a third of the country's foreign exchange earnings, thereby ensuring the stability of the hryvnia exchange rate and budget revenues. The metallurgy market in Ukraine annually brings about a third of the country's foreign exchange earnings, thereby ensuring the stability of the hryvnia exchange rate and budget revenues. 80% of the sector's products are exported.

Results of 2021

For four months of 2021, metallurgical enterprises of Ukraine produced:

  • 7.08 million tons of pig iron, which is 9.1% more than in the same period in 2020;
  • Steel production increased by 7.2% to 7.14 million tonnes;
  • Rolled steel production increased by 7.4% to 6.41 million tonnes.

Three leading metallurgy producers in Ukraine

Ferrous metallurgy is one of the most developed industries in Ukraine, which accounts for 1/4 of all industrial production. It produces cast iron, steel, rolled products, ferroalloys, pipes, etc.

The Metinvest group holds first place among the producers of ferrous metallurgy. The company manages enterprises of the coal, mining, coke-chemical, metallurgical and pipe industries.

ArcelorMittal, the first metallurgical plant managed by a foreign investor, is second among industry leaders. The owner is an English businessman of Indian origin, billionaire Lakshmi Mittal. Arcelor Mittal holding owns factories in more than nine countries around the world.

The third-largest player on the ferrous metals market is Interpipe. The group includes a number of manufacturing, trading, service and other companies.

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