Ukrainian Steel Production Shrinks by 46% in Jan-Apr 2022
Strategic Research Institute
Published on :
04 May, 2022, 6:29 am
Interfax reported that the Ukrainian Association of Secondary Metals UAVtormet announced that Ukraine’s steel production in January-April 2022 has been reduced by 46% YoY to 3.858 million tonnes as only one steel plant produced steel in April due to Russian invasion.
In addition, it is reported that ferrous scrap enterprises for the four months of 2022 reduced procurement of scrap metal by 50% compared to the same period in 2021, to 620,100 tonnes. The supply of scrap to the country's steel enterprises in January-April 2022 decreased by 47% compared to January-April 2021, to 583,500 tonnes. The total volume of scrap metal supplies in April amounted to 52,500 tonnes. The export of scrap metal for the specified period amounted to 7,100 tonnes, which is 12.3 times less compared to the four months of 2021 (87,000 tonnes). At the same time, scrap imports amounted to 100 tonnes, while in January-April 2021 it was 7,800 tonnes. The level of scrap metal stocks at steel enterprises as of May 1, 2022 is estimated at 60,000 tonnes.