Ukrainian Industries

5 September 2023

The largest Ukrainian steel producers for the first half of 2023

With the improvement of the electricity supply situation, starting from February of this year, Ukrainian metallurgical plants are improving their operating performance.

Total steel production in Ukraine reached an all-time monthly low in December 2022, amounting to only about 110,000 tons. Already from January 2023, production figures began to improve, significant growth occurred in February, when the situation with energy supply began to improve.

Production continued to grow until June, when there was a decline caused by the impact of the explosion of the Kakhovskaya HPP resulted in limited water supply to the largest Ukrainian plant ArcelorMittal Kryvyi Rih, as well as repair work at Zaporizhstal.

Ukraine steel output June 2023

In general, in the first half of 2023, 2.83 million tons of steel were smelted in Ukraine, 37% less than in January-June 2022, which is quite understandable, considering that in January-February 2022 the Mariupol steel mills still were in operation (having produced a total of 1.355 million tons of steel), and Ukraine could freely export metal products through its Black Sea deep-sea ports.

Excluding the Mariupol plants, steel production in the first half of the year decreased by 10% compared to last year, but if we consider the March-June period, it increased by 90% in 2023.

In terms of main steel producers, the situation was as follows:

Producer H1 2023 H2 2022 Change, %
Kametstal 1032 1057 -2.4%
Zaporizhstal 1018 923 10.3%
AMKR 390 890 -57.2%
Interpipe 343* 286 20%
Azovstal - 683 -
MMK - 672 -
TOTAL 2830 4530 -37.5%
*-ShareUAPotential estimate

The largest steel producer in Ukraine during the first half of 2023, as well as in 2022, was the Kametstal enterprise from Kamianske (which is part of the Metinvest group). Its production remained almost unchanged compared to the same period in 2022 and amounted to 1.032 million tons of steel.

Zaporizhstal even increased output by 10% compared to the previous year, smelting 1,018 million tons in January-June.

At ArcelorMittal Kryvyi Rih, the situation is much worse - during the first half of the year, the plant smelted 390,000 tons compared to last year's 890,000 tons. The plant operates only one blast furnace (pig iron production), so the steel output is limited as well. Power outages at the beginning of the year, as well as the aforementioned explosion of the Kakhovskaya HPP, also had a significant impact on the operations of the largest Ukrainian metallurgical plant (before the full-scale invasion, it produced an average of about 5 million tons of steel per year).

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