Capital investment in the steel industry increased by 34.5%

The volume of capital investment in the steel industry and production of finished steel products increased by UAH 1.3 billion (+ 34.5%), up to UAH 5.3 billion, in the first quarter of 2019 compared to the same period of the previous year.

The share of the steel industry and production of steel products was 12% of all industrial capital investments and 4.9% of their total volume in the country. This was reported by the State Statistics Service of Ukraine.

Investment in the mining sector as part of the mining & metals industry (iron ore mining) grew by UAH 4.8 billion (+ 51.7%), up to UAH 14.1 billion, in the first quarter.

The share of capital investment in this sector amounted to 32% of their total volume in the industry and 13% of their total volume in the country.  Hence, by two indicators, the mining & metals industry is among the top three industries with the highest level of capital investment.

Total capital investment in the industry grew by UAH 12.2 billion (+38.2%), up to UAH 44 billion, in the first quarter of 2019. In general, in January to March, this indicator in Ukraine increased by UAH 19.35 billion (+ 21.7%), up to UAH 108.3 billion.

It has to be reminded that capital investment in the steel industry and production of finished steel products in 2018 grew by 41.7%, up to UAH 25.6 billion. The share of this industry in the total amount of capital investment in 2017–2018 increased from 13.2% to 14.2%.

Last year, capital investment in mining grew by 53.5%, up to UAH 52.9 billion. Over the last two years, the share of capital investment in the industry also increased from 25.2% to 29.4%.