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Ukraine’s iron and steel industry showed volatility in 2025 as pig iron output increased while steel declined

Ukraine's metal production showed different trends among product groups in 2025.

Ukraine’s iron and steel industry showed volatility in 2025 as pig iron output increased while steel declined

According to data compiled by SteelRadar from the Ukrainian Association of Metallurgical and Steel Producers (Ukrmetallurgprom), Ukraine’s steel sector recorded increases in some segments in 2025, while declines were observed in certain production lines.

Ukraine’s pig iron production increased by 11.2% year on year in 2025, increasing from 7.090 million tonnes to 7.884 million tonnes. In contrast, steel production declined by 2.2%, falling from 7.575 million tonnes to 7.409 million tonnes. Rolled products output, however, increased by 4.8%, climbing from 6.222 million tonnes to 6.521 million tonnes.

Pig iron production showed a 7.2% as yearly increase in January, with the growth rate accelerating to 9.8% in February. In March, growth stood at 4.6%, while production gained further momentum in April, rising by 10.8%. The only contraction of the year occurred in May, when output declined by 1.28% as yearly. Production returned to growth in June, posting a 5.3% increase.

In July, the growth rate climbed to 11.4%, followed by one of the strongest performances of the year in August, when production surged by 16.1%. Output increased by 9.5% in September and by 10.7% in October compared to the same period of the previous year. November delivered the most striking result of 2025, with pig iron production jumping by 29.7% year on year, marking the highest growth rate of the year. December also maintained strong momentum, recording an 18.4% increase in production.

Ukraine’s rolled products output in 2025 displayed a volatile performance compared to 2024, marked by alternating periods of growth and decline. Production increased by 6% year on year in January, with the growth rate accelerating to 6.6% in February. In March, growth remained limited at 1.9%, while April recorded a 6.9% year-on-year decline compared to the same period of the previous year. Despite this setback, May brought renewed momentum, with output increasing by 5.1%, followed by a 1.7% rise in June.

Production activity strengthened during the summer months. July saw a 5.7% year-on-year increase, while August recorded a higher growth rate of 7.4%. However, September experienced a 5.7% contraction. The decline deepened in October, when output decreased by 11.3% year on year. November marked a strong recovery, with production surging by 23.4%, and December closed the year on a positive note, posting a 15.3% increase.

Average daily production figures mirrored the annual trends. In pig iron, average daily output increased by 11.3%, increasing from 19.4 thousand tonnes in 2024 to 21.6 thousand tonnes. Steel saw a 1.9% decline, with daily production slipping from 20.7 thousand tonnes to 20.3 thousand tonnes. Meanwhile, rolled products recorded a 5.3% increase, with average daily output rising from 17.0 thousand tonnes to 17.9 thousand tonnes.

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