Ukraine

Ukraine holds positions in the world ranking of steel producers

According to the results of the first seven months of 2024, Ukraine retained the 21st place in the world ranking of steel producers, according to data association of enterprises “Ukrmetalurgprom”. During this period, domestic metallurgical enterprises smelted 4.58 million tons of steel, which is 33.61% more than in the same period last year.

Ukraine holds positions in the world ranking of steel producers
Photo: Ukrmetroprom

In addition, Ukraine remained in the 13th position among 40 producing countries in terms of production of cast iron. During the period January-July 2024, Ukrainian enterprises smelted 4.09 million tons of pig iron, which is 21.18% of the indicators of the same period in 2023.

Ukraine holds positions in the world ranking of steel producers
Photo: Ukrmetroprom

Plans for 2024 and prospects for the development of the industry

Against the background of these results, all enterprises of the Ukrainian metallurgical industry have included in their plans for 2024 an increase in production within the range of 10-15%. This ambitious task takes into account the stabilization of the economic situation in the country, the growth of demand for metal products both on the domestic and foreign markets, as well as the expected restoration of infrastructure in Ukraine after the end of the active phase of the war.

The successful implementation of these plans will allow Ukraine not only to maintain its positions in the world ranking, but also to potentially improve them in the future. Industry experts also note that Ukrainian metallurgical enterprises continue to invest in modernizing production and increasing efficiency, which contributes to increasing the competitiveness of Ukrainian steel on the global market.

 

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