Ukraine's Steel Exports Skyrocket with EU Market Access

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Ukrainian Steel News

Steel Production,Steel Exports,Ferrexpo

Ukrainian steel production and exports experienced a significant surge in the first half of 2024, driven by increased demand and favorable market conditions.

Via Metal Miner For the first half of 2024, Ukrainian steel manufacturing increased finished and semi-finished production by about one-third year on year. According to a July 15 report from Kyiv-based steelmaking association Ukrmetallurgprom, volumes for the first six months came to 3.14 million metric tons, representing a 32% rise from an estimated 2.37 million metric tons.

Ferrexpo Also Reported Increases Upstream, Ukrainian iron ore producer Ferrexpo reported an 83% year-on-year increase in its pellets production for the first six months of 2024, thanks in part to the opening of the Black Sea maritime corridor. “Since the corridor was opened in late 2023, it is estimated that over 800 ships have safely passed through, including 90 with ferrous commodities,” the company said on July 8.

 

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