The Ukrainian Metal

Ukraine: metal output to fall in 2015

In 2015 Ukrainian metal companies are expected to produce 23 million tons of steel, 22 million tons of pig iron and 20 million tons of rolled metal, all down by 15%, 11% and 16% YoY respectively.

According to Metallurgprom, in January 2016 metal companies would decrease steel smelting by 4.8% MoM, to 2 million tons, while rolled metal and pig iron output would be kept on December level (1.8 million and 2 million tons respectively).

In January-November Ukraine produced 19.91 million tons of pig iron, 21 million tons of steel and 18.34 million tons of rolled metal, all down by 14%, 17% and 17% YoY respectively.

In November pig iron output totaled 1.85 million tons (61.8 thousand tons daily average, down by 7%, or by 4.8 thousand tons MoM), that of steel – 1.88 million (62.8 thousand tons, down by 5%, or by 3.5 thousand tons) and of rolled metal – 1.6 million tons (with 53.4 thousand tons on average a day, down by 6%, or by 3.6 thousand tons MoM).

This decrease was the result of the repairs at some companies and the overall low demand.

As of December 1, 23 out of 30 blast furnaces (77%) were in operation, with 8 out of 9 (89%) open-hearth furnaces and 15 out of 21 converters (71%). (Ukrainian metal)

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