Ukrainian metallurgical enterprises will reduce steel production by 4.1%

Ukrainian metallurgical enterprises in 2020, according to the updated forecast, will reduce steel production by 4.1% – to 20 million tons compared to actual production in 2019 of 20.848 million tons, and by 7% compared to the initial forecast, when steel production in the country was predicted in the current year in the amount of 21.5 million tons.

As reported in the updated accounting balance of the formation and consumption of scrap metal in Ukraine for 2020, promulgated by the Ukrainian Association of Secondary Metals (“UAVtormet”), to smelt 20 million tons of steel at the Ukrainian metallurgical enterprises, 2.7 million tons of ferrous scrap will need to be supplied (a decrease by 10 , 3% compared to 2019, when 3.011 million tons of imported scrap were supplied).

In addition, it is forecasted that the export of scrap metal from Ukraine this year will amount to 50 thousand tons, while in 2019 it was 40.9 thousand tons (an increase of 22.2%). At the same time, the import of scrap in 2020 will also amount to 50 thousand tons of scrap (in 2019 – 47.7 thousand tons, an increase of 4.8%).

At the same time, according to the calculated balance, the procurement of scrap metal in 2020 should decrease by 18.2% compared to 2019 – to 2.750 million tons (in 2019 – 3 million 360.7 thousand tons).

It is also stated that in January-April 2020, Ukraine reduced steel production by 9.5% compared to the same period last year – to 6.731 million tons. During this period, 901.1 thousand tons of scrap metal were supplied to the country’s metallurgical enterprises (a decrease of 8.7% compared to 4 months of 2019). Export of scrap metal from Ukraine in 4 months. decreased by 59.1%, to 11.6 thousand tons, imports – by 74.6%, to 5.7 thousand tons. Scrap metal procurement for this period fell by 10.2% to 958.3 thousand tons.

As it was reported in the letter of UAVtormet published in March this year to the Ministry of Economy, Ukraine in 2020, as initially predicted, will increase steel production by 3.1% compared to the previous year – to 21.5 million tons from 20.848 million tons. for which it will be necessary to supply them with 3.2 million tons of ferrous scrap (an increase of 6.3% compared to 2019, when 3.011 million tons of imported scrap was supplied).

According to the estimated balance of the formation and consumption of scrap metal in Ukraine for 2020, in general, 7.510 million tons of scrap metal is required to smelt 21.5 million tons of steel, while 7 million 229.7 thousand tons were consumed for the production of 20.848 million tons of steel in 2019 become. Thus, according to the forecast data of “UAVtormet”, in 2020 it was predicted earlier that scrap metal would be required by 3.9% more than in 2019.

The association stated that in 2019 the volume of recycled scrap was 4 million 218.7 thousand tons, and in 2020 it should increase by 2.2%, to 4.310 million tons. At the same time, according to the calculated balance, the procurement of scrap metal in 2020 should increase by 6.4% compared to 2019 – up to 3.250 million tons (in 2019 – 3.052 million tons).

In addition, it was predicted that the export of scrap metal from Ukraine this year will amount to 50 thousand tons, while in 2019 it was 40.9 thousand tons (an increase of 22.2%). At the same time, the import of scrap in 2020 will also amount to 50 thousand tons of scrap (in 2019 – 47.7 thousand tons, an increase of 4.8%).

In 2019, Ukraine reduced the export of scrap metal by 7.8 times compared to 2018 – to 42.182 thousand tons. Last year, the country increased the import of scrap metal in physical terms by 17.2% compared to 2018 – up to 49.934 thousand tons.

At the end of 2019, metallurgical enterprises reduced steel production by 1% compared to 2018 – to 20.848 million tons, pig iron – by 2%, to 20.064 million tons.

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