Ukraine climbs to 12th place in WSA ranking despite cut in steel output in March

REUTERS Ukraine in March 2020 climbed from the 13th to 12th place in the international steelmakers ranking drawn up by the World Steel Association (WSA), despite a cut in steel output by 10.3% year-over-year (y-o-y), to 1.765 million tonnes. China remained at the top of the ranking with 78.9 million tonnes (1.7% down y-o-y). The runner-up is India (8.650 million tonnes, 13.9% down), followed by Japan (8.2 million tonnes, 9.7% down), the United States (7.222 million tonnes, 6% down), Russia (5.850 million tonnes, 4.4% down), South Korea (5.776 million tonnes, 7.9% down), Turkey (3.110 million tonnes, 4.1% up), Germany (2.9 million tonnes, 20.9% down), Brazil (2.635 million tonnes, 8.2% down), and Iran (2.250 million tonnes, 14.1% up). Read alsoUkraine&#39;s steel giant sees almost US$82 mln in net loss in 2019 All the 64 countries in the ranking reduced steel production by 6% y-o-y, to 147.05 million tonnes. Ukraine in January-March 2020 (Q1) slashed steel production by 3.4% y-o-y, to 5.318 million tonnes. However, it climbed from the 12th to 11th place in the international steelmakers ranking. All the 64 countries ranked by the WSA in Q1 saw a 1.4% decline in steel output y-o-y. As UNIAN reported earlier, Ukrainian steelmakers in 2019 reduced steel output against 2018 by 1.2%, to 20.8 million tonnes, having retained the 13th place in the international steelmakers rating drawn up by the World Steel Association (WSA). 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&#39; 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&#39; revenue and toughened global competition, which was most evident in 2015. However, Ukraine managed to keep its 10th position in the industry rating in 2015 and 2016.

Ukraine climbs to 12th place in WSA ranking despite cut in steel output in March

Please Subscribe For Full Access

UNIAN Web subscription