Photo from UNIAN
Ukrainian steelmakers cut steel output by 13% in June 2017 year-over-year (y-o-y), to 1.593 million tonnes, while moving from the 13th to the 14th place in the international steelmakers rating drawn up by the World Steel Association (WSA).
Ukraine reduced steel production by 15.4% in January-June 2017 (H1) y-o-y, to 10.5 million tonnes, having remained 12th in the WSA rating, the Association said.
China retained its top position in June 2017 with 73.2 million tonnes of steel (5.7% up from June 2016). It was followed by Japan (8.4 million tonnes, 4.3% down), India (7.95 million tonnes, 1.1% down), the United States (6.7 million tonnes, 1.7% down), South Korea (5.9 million tonnes, 7.7% up), Russia (5.3 million tonnes, 8% down), Germany (3.6 million tonnes, 1.7% down) Turkey (3 million tonnes, 7.1% up), Brazil (2.6 million tonnes, 4% up), and Italy (2.1 million tonnes, 1.8% up).
In general, the 67 countries ranked by the WSA increased steel output by 3.2% in June 2017 y-o-y, to 141 million tonnes.
Read alsoUkraine ranks 11th in WSA's steelmakers ratingChina traditionally retained its top position in the ranking in H1 2017 with 419.7 million tonnes of steel (a 4.6% increase y-o-y).
It was followed by Japan (52.3 million tonnes, 0.5% up), India (49.5 million tonnes, 5.3% up), the United States (40.6 million tonnes, 1.3% up), Russia (35.3 million tonnes, 0.8% up), South Korea (34.7 million tonnes, 3.7% up), Germany (22.2 million tonnes, 1.7% up), Turkey (18.2 million tonnes, 11.4% up), Brazil (16.7 million tonnes, 12.4% up), and Italy (12.4 million tonnes, 1.7% up).
A total of 67 countries ranked by the WSA boosted steel production by 4.5% in H1 2017 y-o-y, to 836 million tonnes.
As UNIAN reported earlier, Ukraine increased steel output by 5.5% in 2016 against 2015, to 24.2 million tonnes, having kept the tenth place in the international steelmakers rating.
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 tenth 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 tenth position in the industry rating in 2015.