Ukraine Rises To 11th In Worldsteel Ranking Of Steel Producers In First Quarter Of 2020

Ukraine reduced production of crude steel by 10.3% to 1.765 million tons in March 2020, compared with the same period in 2019, but it rose from 13th to 12th in the ranking of the world's 64 largest steel producing countries compiled by the World Steel Association (Worldsteel). The country also rose from 12th to 11th in the ranking for the first quarter of 2020, the CFTS portal reports, citing the Interfax Ukraine news agency.

Production of crude steel reduced in all the countries in the top ten, excluding Turkey and Iran, in March 2020, compared with March 2019.

The top ten producers of crude steel in March 2020 were China (78.975 million tons, a 1.7% reduction compared with March 2019), India (8.650 million tons, 13.9% reduction), Japan (8.2 million tons, 9.7% reduction), the United States (7.222 million tons, 6% reduction), the Russian Federation (5.850 million tons, 4.4% reduction), South Korea (5.776 million tons, 7.9% reduction), Turkey (3.110 million tons, 4.1% increase), Germany (2.9 million tons, 20.9% reduction), Brazil (2.635 million tons, 8.2% reduction), and Iran (2.250 million tons, 14.1% increase).

They are followed by Vietnam (1.847 million tons, a 3.5% increase), Ukraine (1.765 million tons, 10.3% reduction), Taiwan (China, 1.580 million tons, 22.2% reduction), Italy (1.377 million tons, 40.2% reduction), and Mexico (1.330 million tons, 20.6% reduction).

The 64 countries produced a total of 147,054 million tons of steel in March 2020, which is 6% less than they produced in March 2019.

Following are the top ten steel producing countries in the first three months of this year: China (234.450 million tons, an increase of 1.2% compared with the first three months of last year), India (27.505 million tons, 5.3% reduction), Japan (24.360 million tons, 2.4% reduction), the United States (21.946 million tons, 1% reduction), the Russian Federation (17.907 million tons, 1% reduction), South Korea (16.936 million tons, 4.8% reduction), Germany (9.473 million tons , 9.3% reduction), Turkey (8.975 million tons, 9.6% increase), Brazil (8.018 million tons, 7% reduction), and Iran (6.750 million tons, 13.2% increase).

They are followed by Ukraine (5.318 million tons, 3.4% reduction), Italy (5.278 million tons, 16.2% reduction), Vietnam (4.956 million tons, 0.1% reduction), Taiwan (China, 4.870 million tons, 14.6% reduction), and Mexico (4.144 million tons, 16.6% reduction).

The 64 countries produced 443.030 million tons of steel in the period of January-March 2020, which is 1.4% less than they produced in the period of January-March 2019.

As the CFTS portal reported earlier, Ukraine retained its 13th place in Worldsteel’s ranking of the world’s largest steel producers in 2019. According to Worldsteel, production of crude steel in Ukraine reduced by 1.2% in 2019, but the country retained its 13th position in the ranking of the largest producers in the world.