Ukraine's metallurgical production will fall sharply in 2022

Ukraine’s metallurgical production will fall sharply in 2022

In 2022, Ukraine’s steel production fell 70.7 percent to 6.263 million tons, while pig iron production fell 69.8 percent to 6.391 million tons, the association of metallurgical companies “Ukrmetallurgprom” said in a statement Tuesday.

Production of rolled metal products fell 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 conflict between Russia and Ukraine, 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, Xinhua news agency reported.

Before the conflict, metallurgy was one of the most important sectors in the Ukrainian economy, accounting for 12 to 15 percent of the country’s gross domestic product.

disclaimer: This story was automatically put together by a computer program and was not created or edited by FreshersLIVE.Publisher : IANS Media

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