Russian invasion of Ukraine has crippled Ukrainian steel sector. Ukrainian steel association Ukrmetallurgprom estimates that Ukraine’s crude steel output fell 58% YoY to 4.5 million tonnes, hot metal by 58% to 4.538 million tonnes & finished steel by 58% YoY to 4.018 million tonnes in January-June 2022. As the crude steel production in January to 24 February was 3.2 million tonnes, basically 1.3 million tonne crude steel has been produced since invasionUkrainian Association of Secondary Metals or UAVtormet said that Ukraine’s steel scrap exports fell 87% to 28,700 tonnes in H1 of 2022 from 231,000 tonnes in H1 of 2021, while scrap imports fell to 1,500 tonnes in H1 of 2022 from 12,600 tonnes in H1 of 2021.
Russian invasion of Ukraine has crippled Ukrainian steel sector. Ukrainian steel association Ukrmetallurgprom estimates that Ukraine’s crude steel output fell 58% YoY to 4.5 million tonnes, hot metal by 58% to 4.538 million tonnes & finished steel by 58% YoY to 4.018 million tonnes in January-June 2022. As the crude steel production in January to 24 February was 3.2 million tonnes, basically 1.3 million tonne crude steel has been produced since invasionUkrainian Association of Secondary Metals or UAVtormet said that Ukraine’s steel scrap exports fell 87% to 28,700 tonnes in H1 of 2022 from 231,000 tonnes in H1 of 2021, while scrap imports fell to 1,500 tonnes in H1 of 2022 from 12,600 tonnes in H1 of 2021.