Steel market trends in Russia and Ukr aine

摘要

Russia and Ukraine are expected to increase steel production in the forecast period thanks to the domestic demand improvement and the revival of global economies. In Russia, MMK and NL MK are expected to post the biggest increases in steel production in 2021 (up 1.7 million t and up 1.3 million t, respectively) following the completion of extensive repairs last year. The start-up of Yuzhstal (about 720,000 tpy of square billet) in place of former Sulinsky Steel Works has been postponed until Q3 2022. Steel capacity expansion will continue beyond the forecast period as OE MK plans to build a new EA F (1.2 million t) in 2023. In 2025, Russia will launch a new electric steelmaker Ecolant (1.8 million t). Meanwhile, Donelectrostal plans plans to build a 1.2 million tpy EA F complex based at the site of Novorossiysk Rolling Plant (former REMZ).