Ukraine’s steel output declined by 7.7 percent in February to 2.46 million metric tons compared with a year earlier, according to metal and mining researcher PromZovnishEkspertyza.
Average daily steel output in the first two months of the year declined by 6.1 percent from the same period last year, Pavlo Perkonos, an analyst at the Kiev-based researcher, said in e-mailed statement today.
“Ukrainian plants continue to adjust production of steel to declining global demand,” Perkonos said in the statement.
ZAO Donetsky Electrometallurgical Plant cut output by 70 percent in February due to disrupted scrap metal supply, the researcher said. Azovstal (AZST), part of Metinvest, Ukraine’s biggest steelmaker, cut output by 29 percent in February, while Metinvest’s Enakievsky Metalurgiyny Zavod increased production by more than 80 percent, the researcher said without giving a reason.
Steel exports from Ukraine declined in January by 11 percent to 1.14 million tons compared with the same month a year ago, according to PromZovnishEkspertyza.
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