Ukrainian steel output in February dips by 7.7pct YoY
Bloomberg, quoting metal and mining researcher PromZovnishEkspertyza, reported that Ukraine steel output in February declined by 7.7% YoY to 2.46 million tonnes compared with a year earlier.
Mr Pavlo Perkonos an analyst at the Kyiv based researcher said average daily steel output in the first two months of the year declined by 6.1% YoY.
He said that “Ukrainian plants continue to adjust production of steel to declining global demand.”
The researcher said ZAO Donetsky Electrometallurgical Plant cut output by 70% in February due to disrupted scrap metal supply.
Azovstal part of Metinvest Ukraine biggest steelmaker cut output by 29% in February
Metinvest Enakyivsky Metalurgiyny Zavod increased production by more than 80%.
According to PromZovnishEkspertyza steel exports from Ukraine declined in January by 11% YoY to 1.14 million tonnes compared with the same month a year ago.
Source – Bloomberg
(www.steelguru.com)