News Karnataka
Thursday, February 09 2023
Europe

Kiev: Ukraine’s metallurgical output sees sharp drop in 2022

Ukraine's metallurgical output sees sharp drop in 2022
Photo Credit : IANS

Kiev: Ukraine’s metallurgical output suffered a sharp decline in 2022 due to the Russia-Ukraine conflict, according to data released by an industry group.

In 2022, Ukraine’s steel output plunged 70.7 per cent to 6.263 million ton, while production of pig iron declined 69.8 per cent to 6.391 million ton, the association of metallurgical companies “Ukrmetallurgprom” said in a statement on Tuesday January 10.

The output of rolled metal products was down 72 per cent to 5.350 million ton, the statement added.

According to local experts, Ukraine’s metallurgical enterprises faced a series of challenges last year due to the Russia-Ukraine conflict, including the destruction of production facilities, the disruption of the supply of raw materials and the shipment of goods to consumers, and the outflow of workforce, Xinhua news agency reported.

Before the conflict, metallurgy was one of the key sectors in the Ukrainian economy, generating 12-15 per cent of the country’s gross domestic product.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Rohan City Corp
Rohan City Corp

Find the best odds at 10Cric and IPL Betting 2023! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp