Ukrainian enterprises are reorienting to the European market because of the war. Mauro Longobardo, CEO of metallurgical giant ArcelorMittal Kryvyi Rih, said that the company is recovering from the losses of the previous two years but has not yet broken even. In 2024, the plant los... #ArcelorMittal #CBAM #EuropeanIntegration #investments #MauroLongobardo #MetallurgyUkraine
A Ukrainian manufacturer of non-ferrous metal products launches a €19M cable production plant in Poland. One of the largest producers of non-ferrous metal products in Ukraine, Electro Cable Group, launched a cable production plant in the Polish city of Zabrze in June. The key argument in Poland’s f... #ElectroCableGroup #investments #MetallurgyUkraine #NonFerrous #Poland #ukrainianbusiness
Polish businesses want protection against Ukrainian steel imports. Polish metallurgical plants fear competition with Ukraine and demand that the domestic market be protected from Ukrainian steel. Polish steel manufacturers hope that Ukraine’s output will mainly... #GreenMetallurgy #MetallurgyUkraine #Poland #PolishBusiness #UkraineSteelExport
What are the operational threats for Ukraine’s metallurgical sector? Metallurgical enterprises in Ukraine are currently faced with three primary risks: the possible loss of coking coal production in Pokrovsk, problems with electricity supplies, and the sea corridor cea... #CokingCoal #MetallurgyUkraine #OleksandrKalenkov #Pokrovsk #Ukrmetallurgprom #Worldsteel
Despite the war, Ukraine’s industrial production increased by 8.1%. The volume of the industrial output in Ukraine in January-June 2024 increased by 8.1% compared to the same period in 2023. In June, the indicator decreased by 0.3% compared to the corresponding month ... #IndustrialProduction #MetallurgyUkraine #UkraineEconomicForecast #UkraineEconomy #UkraineExport
The loss of Pokrovsk will lead to a 50% drop in Ukraine’s steel production. If Pokrovsk is lost, steel production in Ukraine may fall by more than 50% due to a shortage of coking coal, said the head of Association of Enterprises Ukrmetalurgprom, Oleksandr Kalenkov. He noted t... #CoalUkraine #CokingCoal #MetallurgyUkraine #Pokrovsk #PokrovskeMine
Faced with falling global prices, Ukraine risks losing its share of metallurgical exports. The situation in the Ukrainian mining segment shows a significant recovery, which began after the sea corridor’s opening last year. However, due to a drop in prices on the global metallurgical market,... #MetallurgicalProduction #MetallurgyUkraine #UkrainianMetalExport
Opening Ukraine’s seaports has helped iron ore company Ferrexpo increase its net profit by 100%. Iron ore company Ferrexpo, with assets in Ukraine, increased its January-June net profit by almost 100% compared to the same period last year – up to $55.49M; total sales increased by 85%, up to 3.8 m... #ferrexpo #MetallurgyUkraine #SeaPortsUkraine #UkraineMaritimeCorridor #UkrainianMetalExport
Ukraine has risen in the global rankings of iron and steel producers, and these products occupy 35-45% of export cargo transportation. Ukraine climbed to 13th place in the ranking of the largest iron-producing countries and 21st place in the list of the largest steel producers. In the first half of the year, Ukraine produced 3.47 mil... #IronExport #MetallurgyUkraine #SteelProductionUkraine #UkrainianMetalExport #Worldsteel
Production of all major metallurgy products has increased in Ukraine. In the first half of the year, Ukrainian enterprises increased the production of cast iron by 22.3% (3.47 million tons), steel by 37% (3.87 million tons) and rolled products by 32.2% (3.14 million ton... #MetallurgyUkraine #SteelProductionUkraine #UkraineEconomy #UkraineIronProduction
