Ukraine produced 5.97 million tons of rolled steel in January-November

In January-November 2025, Ukrainian steel enterprises increased the production of commercial rolled steel products by 3.9% compared to the same period in 2024, to 5.97 million tons. This is evidenced by data from Ukrmetprom.

Pig iron production increased by 10.2% y/y – to 7.19 million tons, while steel production decreased by 3.1% y/y – to 6.81 million tons.

In November of this year, rolled steel production increased by 10.3% compared to the previous month and by 23.5% compared to November 2024, reaching 589.1 thousand tons. Pig iron production increased by 1.8% month-on-month and 29.7% year-on-year – to 704.3 thousand tons, while steel production decreased by 1.2% month-on-month but increased by 18.5% year-on-year – to 641.1 thousand tons.

As reported by GMK Center, in 2024, Ukraine’s steel industry increased rolled steel production by 15.8% compared to 2023, from 5.37 million tons to 6.22 million tons. Last year, pig iron production increased by 18.1% y/y, from 6 million tons to 7.09 million tons, and steel production increased by 21.6% y/y, from 6.23 million tons to 7.58 million tons.

The industry’s results in 2024 turned out to be much better than expected. At the same time, according to GMK Center analysts’ forecasts, 2025 will be difficult as the global steel market is going through a crisis period. Steel exports from Ukraine are likely to decline, the price situation will worsen, and import restrictions will tighten around the world.