The company is increasing the supply of railway products to the North American region.
Ukraine increased steel production by 22% in December 2020 but steel production in the entire year reduced by 1%.
According to Worldsteel, production of crude steel in Ukraine reduced by 10% to 1.765 million tons in the first quarter, compared with the same period in 2019, but the country rose to 11th in the ranking of the world’s largest producers.
POSCO is the world's second largest steelmaker by market value and the most profitable steelmaking company in Asia.
Ukrainian steel plants increased steel production by 24.1% to 1.969 million tons in February this year, compared with February 2015, thus retaining its 10th place in the ranking of the world's 66 largest steel producing countries compiled by the World Steel Association (Worldsteel).
In addition to coal, Ukrainian products can successfully replace all the other products of the mining and metals industry. Analyst of CFTS-Consulting Andrii Isaiev comments on the prospects for Ukraine's metallurgy.
He also said that Poroshenko attended the opening of a new blast furnace at the ArcelorMittal Kryvyi Rih steel plant.
Coke is delivered from Poland by rail. Coal is also delivered from Kazakhstan and partly from Russia.
Steel production reduced in most of the ten largest producers in 2013