Ukraine doesn’t enter in world steel top-10

Ukraine doesn’t enter in world steel top-10

22.11.2016 News

Following the results of October 2016 Ukraine has remained beyond limits top-10 of  the largest global manufacturers of steel. According to world steel association, the Ukrainian metallurgists made 1,93 million tonnes that are 6,1% less, than the previous year.

However, it is slightly better than the result of September 2016.Italy again forced Ukraine from top-10 the rating of world steel which annual index consists from 11,4% to 2,13 million tonnes.For 10 months 2016 world smelting of steel have been reduced by 0,1%, to 1333,5 million tonnes. In October, a global production has increased by 3,3% to 136,5 million tonnes. First of all, it is connected with the growth of smelting in China which continued to increase production  by 4% in October, 2016.

In Ukraine smelting has increased for 10 months by 5,4% to 20,19 million tonnes. It bears remaining, that Arcelor Mittal Corporation which owning metallurgical complex in Kryvyi Rih was the largest steelmaker.China remains the largest steelmaker. Smelting of steel in the People’s Republic of China  has increased by 0,7% to 672,96 million tonnes or 10 months 2016. However, the first half of the year 2016 metallurgists of the People’s Republic of China has lagged behind the schedule of 2015.

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