: Ukraine still among top ten world steel producers despite output decline

11:33 Jul. 21, 2016

Ukraine still among top ten world steel producers despite output decline

An employee carries out a quality control check on steel material in the rolling mill shop at the Zaporizhstal steel plant (incent Mundy/Bloomberg via Getty Images)

China remains the biggest steel-producing country

In June 2016 Ukraine produced 1.8 million tonnes (Mt) of crude steel, down by -8.6% compared to the same month in 2015¸ according to the latest production figures provided by the World Steel Association.

Despite the decline in country's steel production, Ukraine managed to retain its 10th position in the list of top 20 steel producing countries as of January-June 2016.

China remained the biggest steel-producing country, accounting for 69.5 million tonnes of steel produced in June 2016 - an increase of 1.7% compared to June 2015.

The other top ten steel producing countries for June are as follows: Japan (8.8 million tonnes, +2.7%), India (7,88 million tonnes, +3,9%), the United States (6.8 million tonnes, -0.1%), Russia (5.8 million tonnes, +2.6%), South Korea (5.5 million tonnes, -6.7%), Germany (3.7 million tonnes, -2.1%), Turkey (2.9 million tonnes, +2%), and Brazil (2.5 million tonnes, -8.5%).

Read also Producers expect Ukraine July steel output of 2.2 million tonnes

World crude steel production in the first six months of 2016 was 794.8 Mt, a decrease of -1.9% compared to the same period of 2015.

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The CIS showed an increase of 0.6% whereas both North America and the Middle East reported negative growth of -0.6% and -3.2% respectively in the first half of 2016.

Crude steel production in Asia declined by -1.0% and it decreased by -6.1% in the EU countries.

South American production reduced considerably by -13.8% in the first six months of 2016 compared to the same period of 2015.

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