In 2024, Ukraine increased its apparent steel consumption by 5.9% compared to 2023, to 3.6 million tons from 3.4 million tons. The consumption per person was 95 kg (compared to 93.4 kg in 2023). This is significantly lower than the global average of 214.7 kg/person.
According to Worldsteel, Ukraine produced 7.6 million tons of steel in 2024 (6.2 million tons in 2023), ranking 22nd in the world ranking. Despite the growth, Ukrainian companies were not included in the list of the world's 50 largest steel producers, whereas in 2014-2021 the Metinvest group was present in it.
China Baowu Group (130.09 million tons), ArcelorMittal (65 million tons), Ansteel Group (59.55 million tons), Nippon Steel (43.64 million tons) and HBIS Group (42.28 million tons) remained among the world leaders in steel production in 2024.
