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Tel : 0086-0371-86172891
According to data recently released by the Ukrainian Steel Industry Association Ukrmetalurgprom, from January to May 2024, Ukraine's crude steel A1008 Grade 40(275) steel production increased by 31.2% year-on-year, reaching 3.14 million tons. The pig iron production increased by 20.8% year-on-year, reaching 2.84 million tons. The steel production increased by 29.5% year-on-year, reaching 2.57 million tons. This growth trend was particularly evident in May 2024, when Ukraine's steel production reached 737600 tons, a year-on-year increase of 26.5%. The pig iron production increased by 8.3% to 653100 tons. The steel production A1008 Grade 40(275) steel also increased by 26.5%, reaching 594900 tons.
Since March, due to the Russo Ukrainian conflict, maritime transportation in Ukrainian seaports has been temporarily interrupted between February 2022 and August 2023. Ukraine's fossil fuel and hydroelectric power plants have suffered severe damage, resulting in Ukraine losing 9 gigawatts of power generation capacity, which is over 40% of Ukraine's total power generation capacity. This has led to a significant decline in overall steel production in Ukraine A1008 Grade 40(275) steel. The operations of many steel companies have also been severely affected by power shortages.
Metinvest also stated that its two major steel mills, Azovstal and Illich Steel, have been destroyed. As about 16% of its employees have been mobilized to the front line, the company is facing a shortage of labor.
