REUTERS
All the 64 countries ranked by the WSA increased steel output by 2.6% in August 2018 y-o-y, to 151.740 million tonnes.
Ukrainian steelmakers boosted steel output by 3.7% in August 2018 year-over-year (y-o-y), to 1.786 million tonnes, having climbed from 13th to the 12th place in the international steelmakers rating drawn up by the World Steel Association (WSA).
In January-August 2018, Ukraine increased steel production by 2%, to 13.992 million tonnes y-o-y, while retaining the 13th place in the WSA rating.
China continued to top the rating in August 2018 with 80.326 million tonnes of steel (2.7% up from August 2017). It was followed by India (8.839 million tonnes, 3.7% up), Japan (8.8 million tonnes, 0.9% up), the United States (7.461 million tonnes, 5.1% up), Russia (6.17 million tonnes, 0.1% down), South Korea (6.097 million tonnes, unchanged), Germany (3.9 million tonnes, 7.5% up), Brazil (3.02 million tonnes, 2.2% up), Turkey (3 million tonnes, 5.7% down), and Taiwan (2.04 million tonnes, 8.2% up).
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In total, the 64 countries ranked by the WSA increased steel output by 2.6% in August 2018 y-o-y, to 151.740 million tonnes.
China traditionally retained its top position in the ranking in January-August 2018 with 617.398 million tonnes of steel (a 5.8% increase y-o-y).
It was followed by India (71.14 million tonnes, 6.7% up), Japan (70.2 million tonnes, 0.8% up), the United States (56.9 million tonnes, 4% up), South Korea (48.33 million tonnes, 2.7% up), Russia (48.264 million tonnes, 1.9% up), Germany (30.255 million tonnes, 3% up), Turkey (25.159 million tonnes, 1.7% up), Brazil (23.234 million tonnes, 3.3% up), and Iran (16.437 million tonnes, 21.6% up).
A total of 64 countries ranked by the WSA boosted steel production by 4.8% in the eight months of 2018 y-o-y, to 1.194 million tonnes.
As UNIAN reported, Ukraine in 2017 slid to 12th place, reducing steel production by 6.4% against 2016, to 22.7 million tonnes.
UNIAN memo. Ukraine ranked seventh in the WSA rating 2013 in terms of steel output, having produced 30.4 million tonnes. In 2014, the country slid to the 10th place with a steel output of 27.2 million tonnes. Since 2014, two factors have affected domestic steelmakers' activities: hostilities in Donbas, where more than half of steel production facilities are located, and a decline in world prices of raw materials for metallurgy and finished products. They reduced steelmakers' revenue and toughened competition on world markets, which was most evident in 2015. However, Ukraine managed to keep its 10th position in the industry rating in 2015 and 2016.