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.