28 October 2016

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Ukraine boosts steel production

Ukraine increased steel production in July 2016 by 10.5% year-over-year (y-o-y) to 2.065 million tonnes, inching up from 11th to 10th position in the list of the world's major steel producers, according to the World Steel Association (WSA).


Ukrainian steelmakers produced 14.477 million tonnes of steel in January-July this year, which is higher by 10.3% y-o-y.

According to the WSA, last month's leadership in the ranking of the world's major steel producers was traditionally taken by China with the steel output of 69.8 million tonnes (up by 2.6% compared to June 2015).

Elsewhere in Asia, Japan produced 8.9 million tonnes of crude steel, an increase of 0.5% compared to July 2015. India's steel production was 8.1 million tonnes, an increase of 8.1%. South Korea's crude steel production was 6 million tonnes in the period under review, up by 1.5%.

The United States produced 6.9 million tonnes in July, a decrease of -2.2% compared to July 2015.

Russia's crude steel production for July 2016 was 6.1 million tonnes, up by 0.9%.

In the European Union, Germany produced 3.4 million tonnes, a decrease of -6.1%.

Turkey produced 2.7 million tonnes of crude steel, up by 6.5%.

Brazil's steel production amounted to 2.7 million tonnes, up by 6%.

World crude steel production for the 66 countries reporting to the World Steel Association was 133.7 million tonnes in July 2016, 1.4% up on July 2015.

The crude steel capacity utilization ratio of the 66 countries in July 2016 was 68.3%. This is the same figure as in July 2015. Compared to June 2016, it is -3.7 percentage points lower.

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