Ukraine steel output falls 70.7% in 2022 due to Russian invasion

Credit: REUTERS/THILO SCHMUELGEN

KYIV, Jan 10 (Reuters) - Ukraine's steel production fell by 70.7% in 2022 to 6.26 million tonnes because of Russia's invasion and the destruction of leading steel plants, the steel producers union said on Tuesday.

Ukraine used be a major steel producer and exporter. In 2021, steel output rose by 3.3% to 21.3 million tonnes.

The union said in a statement that rolled steel output had fallen 72% to 5.35 million tonnes and pig iron production dropped 69.8% to 6.39 million tonnes in 2022.

(Reporting by Pavel Polityuk; Editing by Kirsten Donovan)

((pavel.polityuk@tr.com; +380 44 2449150; Reuters Messaging: pavel.polityuk.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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