In March 2026 figures, Ukraine’s steel mills increased production of commercial rolled steel by 13.8% compared to the same period in 2025, reaching 544,500 tons. Compared to the previous month, the figure rose by 39.5%.

Steel output in Ukraine in March increased by 27.6% year-on-year and by 36.4% month-on-month, reaching 702,350 metric tons. Pig iron production for the month amounted to 690,000 metric tons (+22.5% year-on-year; +49.4% month-on-month).

For the January-March period, steel production decreased by 0.3% compared to the same period last year, to 1.73 million tons; pig iron production increased by 5.9%, to 1.8 million tons; and rolled steel production decreased by 6.6% year-on-year, to 1.34 million tons. On a quarterly basis, steel output fell by 8.4%, pig iron – by 18.7%, and rolled steel – by 20.1%.

March marked a turning point, as production across all key segments rebounded sharply following a weak start to the year. It was this surge that allowed quarterly performance to even out: pig iron production exceeded last year’s level, while steel production nearly made up for the previous shortfall; however, the positive effect was insufficient in the rolled steel segment, which ended the quarter with a decline.

The likely drivers of the March recovery were improvements in the energy supply situation following winter restrictions, the gradual return of production capacity to operation, and a certain stabilization of demand, which allowed companies to increase capacity utilization.

Ukraine’s steel industry increased production of commercial rolled metal by 4.8% year-on-year, to 6.52 million tons. Pig iron production last year rose by 11.2% year-on-year to 7.88 million tons, while steel production fell by 2.2% year-on-year – to 7.41 million tons. The sector’s indicators continued to grow last year, reaching their highest levels since the start of the full-scale invasion, with the exception of steel production.

Source: https://gmk.center