: :inin Kyiv (EET)

Ukraine boosts steel production

Ukraine increased steel production in July 2016 by 10.5% year-over-year (y-o-y) to 2.065 million tonnes, inching up from 11th to 10th position in the list of the world`s major steel producers, according to the World Steel Association (WSA).

Ukrainian steelmakers produced 14.477 million tonnes of steel in January-July this year, which is higher by 10.3% y-o-y.

According to the WSA, last month`s leadership in the ranking of the world`s major steel producers was traditionally taken by China with the steel output of 69.8 million tonnes (up by 2.6% compared to June 2015).

Elsewhere in Asia, Japan produced 8.9 million tonnes of crude steel, an increase of 0.5% compared to July 2015. India`s steel production was 8.1 million tonnes, an increase of 8.1%. South Korea`s crude steel production was 6 million tonnes in the period under review, up by 1.5%.

The United States produced 6.9 million tonnes in July, a decrease of -2.2% compared to July 2015.

Russia`s crude steel production for July 2016 was 6.1 million tonnes, up by 0.9%.

In the European Union, Germany produced 3.4 million tonnes, a decrease of -6.1%.

Turkey produced 2.7 million tonnes of crude steel, up by 6.5%.

Brazil`s steel production amounted to 2.7 million tonnes, up by 6%.

World crude steel production for the 66 countries reporting to the World Steel Association was 133.7 million tonnes in July 2016, 1.4% up on July 2015.

The crude steel capacity utilization ratio of the 66 countries in July 2016 was 68.3%. This is the same figure as in July 2015. Compared to June 2016, it is -3.7 percentage points lower.


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