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Ukraine's metallurgical output sees sharp drop in 2022

KIEV
2023-01-11 03:50

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KIEV, Jan. 10 (Xinhua) -- Ukraine's metallurgical output suffered a sharp decline in 2022 due to the Russia-Ukraine conflict, according to data released by an industry group on Tuesday.

In 2022, Ukraine's steel output plunged 70.7 percent to 6.263 million tons, while production of pig iron declined 69.8 percent to 6.391 million tons, the association of metallurgical companies "Ukrmetallurgprom" said in a statement.

The output of rolled metal products was down 72 percent to 5.350 million tons, the statement said.

According to local experts, Ukraine's metallurgical enterprises faced a series of challenges last year due to the Russia-Ukraine conflict, including the destruction of production facilities, the disruption of the supply of raw materials and the shipment of goods to consumers, and the outflow of workforce.

Before the conflict, metallurgy was one of the key sectors in the Ukrainian economy, generating 12-15 percent of the country's gross domestic product.
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