In the first half of 2024, Ukraine increased the production of iron, rolled steel and steel

In the first half of 2024, Ukrainian metallurgical enterprises increased the production of pig iron by 22.3%, steel – by 37%, rolled products – by 32.2%. This is evidenced data association “Ukrmetalurgprom”.

Thus, for January-June 2024, the following was produced:

• cast iron 3.47 million tons (+22.3% compared to the same period of 2023);
• steel 3.87 million tons (+37%);
• rolled 3.14 million tons (+32.2%).

Compared to June 2023, in June 2024, pig iron production increased by 29.4%, steel smelting – by 68.4%, rolled products – by 45.8%.

Average daily steel production in June reached 24,500 tons, the highest in 28 months of full-scale war.

In June, pig iron production amounted to 628,600 t, which is 4% less than in May, steel production was 734,700 t (-0.4%), and rolled metal production decreased to 571,500 t (-4%).

In 2023, pig iron smelting by Ukrainian industrial enterprises amounted to 6 million tons, which is 6.1% less than in 2022, steel smelting was 6.23 million tons (-0.6% y/y), and the production of rolled products increased by 0 .4% to 5.37 million tons.

In the first quarter of 2024, metallurgical plants of Ukraine produced 1.59 million tons (+32%) of pig iron, 1.69 million tons (+37%) of steel, 1.39 million tons (+35.5%) of rolled steel. The growth of quarterly indicators is caused by a low base of comparison. In the first quarter of last year, Ukrainian enterprises faced electricity restrictions due to Russian shelling.