Steel Production Down 43.7% To 2.4 Million Tons In 5M

In January-May 2023, steel production decreased by 43.7%, or by 1,853,000 tons, year over year, to 2.392 million tons.

This follows from a statement posted on the website of the Ukrmetalurgprom association, the Ukrainian News Agency reports.

In the first five months of 2023, the production of cast iron fell by 44%, or by 1,842,000 tons, year over year to 2.35 million tons, the production of rolled products - by 47.8%, or by 1,813,000 tons, to 1.982 million tons.

As the Ukrainian News Agency earlier reported, in 2022, steel production decreased 3.4 times, or by 15.103 million tons year over year, to 6.263 million tons.

Also, in 2022, pig iron production decreased 3.3 times, or by 14.774 million tons year over year to 6.391 million tons, and the production of rolled products - by 3.6 times, or by 13.729 million tons year over year to 5.350 million tons.

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