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Photo – The World Bank improved forecast for Ukraine’s GDP in 2021 to 3.8%
The World Bank improved forecast for Ukraine’s GDP in 2021 to 3.8%

In early January, the WB has already improved its forecast for Ukraine’s economic growth to 3%

Photo – Volume of steel production in Ukraine may increase by 5.7% in 2021
Volume of steel production in Ukraine may increase by 5.7% in 2021

Production will total 21.5–21.8 million tons provided that the capacity utilization rates remain at the levels recorded in December 2020–January 2021

Photo – The World Bank improves forecast for Ukraine’s GDP in 2021 to 3%
The World Bank improves forecast for Ukraine’s GDP in 2021 to 3%

Early October it estimated the growth of Ukraine’s economy at only 1.5%

Photo – The mining & metals sector needs $2.4 billion in investments annually
The mining & metals sector needs $2.4 billion in investments annually

This amount of investment for the next ten years will make them a basic industry in the new economy

Photo – Why the steel industry needs blockchain
Why the steel industry needs blockchain

Blockchain is an immature technology. However, it offers some interesting possibilities that even steelmakers can benefit from

Photo – Poltava Mining is preparing a project to increase production to 24 million t
Poltava Mining is preparing a project to increase production to 24 million t

The Company is to launch a new technological complex for production of finished products worth $100 million

Photo – The misfortune came: the impact of the coronavirus on the steel industry
The misfortune came: the impact of the coronavirus on the steel industry

Steelmakers expect a drop in demand by over 50% in the next two quarters

Photo – Industrial producers expect a drop in capacity utilization rate to 61.6% in Q1
Industrial producers expect a drop in capacity utilization rate to 61.6% in Q1

Representatives of industrial companies of Ukraine predict a drop in demand for their products

Photo – Ukrmetallurgprom predicts a decline in steel production by 10.5% in December
Ukrmetallurgprom predicts a decline in steel production by 10.5% in December

Pig iron production may fall by 7.21%, while production of rolled products may grow by 6.25%

Photo – EBRD raises forecast for the economic growth in Ukraine for 2020 to 3.5%
EBRD raises forecast for the economic growth in Ukraine for 2020 to 3.5%

Ukraine’s economy remains resilient to political factors but the pace of growth will stay somewhat modest

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