Ukraine’s steel industry has taken a palpable hit

25 August, 02:43 AM
Ukrainian steel (Photo:interpipe.biz)

Ukrainian steel (Photo:interpipe.biz)

Ukraine’s steel industry has fallen significantly compared to output prior to Russia’s full-scale invasion, reducing steel production by 6.67 times in July, or by 85% compared to the same period in 2021, global steel trade body WorldSteel stated on Aug. 23.

As a result, Ukraine took 35th place among the world’s top 64 steel producers.

In July 2022, a decrease in steel production was recorded in most of the top ten steel-producing countries compared to July 2021, except for India and Iran.

The top ten steel-producing countries in July are as follows:

  • China (81.43 million tons, a decrease of 6.4% compared to July 2021),India (10.07 million tons, a growth by 3.2%),
  • Japan (7.33 million tons, minus 8.5%),
  • USA (7 million tons, minus 6.4%),
  • South Korea (6.09 million tons, minus 0.6%),
  • RF (5.5 million tons, minus 13.2%),
  • Germany (2.97 million tons, minus 2%),
  • Brazil (2.82 million tons, minus 8.7%),
  • Turkey (2.68 million tons, minus 20.7%)
  • Iran (2.01 million tons, an increase by 34.1%).

In general, global steel production decreased by 6.5% in July this year, compared to the same period last year - to 149.28 million tons.

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According to the results of the seven months of 2022, Ukraine took 20th place, producing only 4.82 million tons of steel (a drop of 62.1%).In June of this year, Ukraine produced 295 thousand tons, 308 thousand tons in May, 281 thousand tons in April, 200 thousand tons in March, 1.37 million tons in February, 1.85 million tons in January.

In comparison, the end of 2021, Ukraine ranked 14th in the world ranking of steel producers (21.4 million tons), and 11th place (20.8 million tons) at the end of 2020.

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