The Ukrainian Metal

Crude steel output in August

In August following the three months in a row of decrease, Ukrainian crude steel output showed an improvement, with domestic steelmakers producing 2.6 million tons, up from 2.42 million tons in July and with daily average output increasing 7% MoM to 83,870 tons.

August’s improvement was mainly driven by the restoration of production at ISD’s subsidiaries Alchevsk Iron and Steel Works and Dneprovsky Iron and Steel Works named after F. Dzerzhinsky (DMKD) which saw 63% and 39% MoM increases respectively in their crude steel outputs, following Metinvest‘s partial resumption of iron ore supplies in mid August.
Also a significant increase in crude steel production of 15.7% MoM was registered by the Mariupol Ilyich Iron and Steel Works (Ilyich) due to the favorable situation on the world flat steel markets caused by restrictions on exports of Chinese products. In addition, an important factor was the supply of raw materials from Metinvest and its integration into Metinvest’s sales chain.

Company

August, t

MoM, %

January-August, t

YoY, %

ArcelorMittal Kriviy Rih

462,400

-6

4,018,600

23.40

Azovstal

432,900

2.40

3,727,600

34

Ilyich

486,000

15.70

3,590,000

32

Zaporizhstal

289,000

-2.40

2,229,000

2.40

Yenakievo

222,700

-1.20

1,712,700

8.20

Alchevsk

223,000

62.80

1,985,000

-19.40

DMKD

186,000

38.80

1,771,000

-24

In September experts expect a further growth in steel production in Ukraine by another 4-5%, following the resumption of business activity in the Middle East with the end of Ramadan.
Mr. Eugen Dubogryz, analyst from BG Capital, said that “On the whole, however, Ukraine’s January-August operational results were quite weak, especially when compared with its main competitors, Russia and Turkey, which are poised to report 20% to 25% YoY growth in the first eight months output.” (SteelOrbis)

Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/

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