Vadim Kolisnichenko

China's shipbuilding sector remains strong despite proposed US tariffs, leading the industry for the 15th consecutive year in 2024 with 55.7% of global completions and 74.1% of new orders. Chinese shipyards benefit from low labor costs, efficient supply chains, and competitive steel prices, offering vessels at significantly lower costs than US equivalents. High demand for materials and next-gen vessels further reinforces China's dominance in global shipbuilding.

Fastmarkets’ March 2025 forecast lowers global crude steel production to 1.846 billion tonnes, reflecting trade policy impacts and economic uncertainties despite late 2024 production gains in key markets like China and the US.

Shipments of long rolled products decreased by 4% y/y, and flat – by 10% y/y

The Group transferred over UAH 3.8 billion to the Ukrainian budget in Q2, which is 51% more than the previous quarter

The driver of sales growth was the increase in demand for steel in the infrastructure industry

All assistance is provided free of charge through the military initiative «Steel Front»