The volume of Ukrainian industrial production increased by 2.4% in the last three quarters.

At the same time, in September the indicator increased by 11.7% compared to September last year. Metallurgy production and finished metal products over three quarters of the year decreased by 3.6% compared to the same period in 2022, and metal ore mining decreased by 11.6%.

However, in September, production in metallurgy increased by 46.3% compared to September 2022 and decreased by 9.2% compared to the previous month.In iron ore mining, the indicator increased by 89.9% year-on-year and fell by 3.6% compared to August.

The September indicators for the mining and metallurgical complex showed an increase compared to the same month in 2022 thanks to a low base of comparison, since during the past year, the Ukrainian industry worked at low capacities in connection with its adaptation to new logistical opportunities and conditions on the European steel market.

At the same time, the drop in the September indicator compared to August is related to the slowdown in activity in the EU steel market due to unfavorable economic conditions.