Ukraine rises in 2024 world ranking of steel producers
Pravda Ukraine
Ukraine moved up one spot in the ranking of the world’s major steel producers, to 22nd out of 71 countries.
Source: association of steel manufacturers Worldsteel
Details: Ukraine produced 2.4 million tonnes of steel in January-April 2024, a 32.7% increase over the same period previous year.
The People’s Republic of China currently holds the leadership in steel smelting with a 54.95% share, or 343.67 million tonnes.
In general, global steel production fell 0.8% year on year in the first four months to 625.7 million tonnes. Global iron smelting declined 2.43% year on year to 460.57 million tonnes.
In terms of iron smelting, Ukraine remained 15th out of 40 nations in the global ranking, despite a 25% rise in production to 2.19 million tonnes from January to April 2023.
China is also in the top of the ranking in cast iron smelting, accounting for 61.9%, or 284.99 million tonnes. It is followed by India, Japan, and Russia.
Background:
According to the results of the first four months of 2024, Ukrainian metallurgical businesses boosted cast iron production by 25%, steel by 33%, and rolled metals by 30.5%. In comparison to April 2023, steel production has increased by 24.5%.
In the first quarter of 2024, Ukrainian metallurgical businesses produced an average of one-third more products than the same period last year.
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