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30 Mar
16:03

Ukrainian steelmakers see recovery signs, challenges remain: GMK

Ukrainian steelmakers plan to increase production after a difficult fourth quarter in 2022, which followed 40% of steel capacities being seized or destroyed in Mariupol, according to Ukraine-based GMK Center. In 2022, Ukraine’s average annual steel capacity utilisation was 30%, while in Q4 it was only 15-20%. As electricity supply stabilises, monthly production dynamics in early 2023 are showing the first signs of improvement. In February, Ukrainian steelma…
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